Davis Florist has two employees, Anita and Jerome, and two tasks that need to be completed, floral arrangements and floral delivery. It takes Anita 30 minutes to finish one floral arrangement and 40 minutes to make a delivery. It takes Jerome 10 minutes to finish one floral arrangement and 30 minutes to make a delivery. Each worker works six hours per day.
a. (Anita, Jerome) absolute advantage in floral arrangements. (Anita, Jerome) has an absolute advantage in deliveries.
b. Anita’s opportunity cost of making one floral arrangement is
( 1.33, 0.75, .33, 3) deliveries. Anita’s opportunity cost of making one delivery is (1.33, 0.75, .33, 3) floral arrangments.
c. Jerome’s opportunity cost of making one floral arrangement is (.75,3,1.33..33) deliveries. Jerome’s opportunity cost of making one delivery is (3, 1.33, .75, .33) floral arrangements.
d. (Jerome, Anita) has a comparative advantage in floral arrangements. (Jerome, Anita) has a comparative advantage in deliveries.
e. Suppose that, initially, both Jerome and Anita spend four hours each day doing floral arrangements and two hours each day doing deliveries. Now suppose they change their tasks, so that each individual does nothing but the task in which she or he has a comparative advantage. How many more floral arrangements and deliveries could they produce each day?
additional floral arrangements
additional deliveries
Answers: 1
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