3. Opportunity Cost Yvette and Cho are roommates. They spend most of their time studying (of course), but they leave some time for their favorite activities: making pizza and brewing root beer. Yvette takes 4 hours to brew a gallon of root beer and 2 hours to make a pizza. Cho takes 6 hours to brew a gallon of root beer and 4 hours to make a pizza. Yvette's opportunity cost of brewing a gallon of root beer is _1/2 pizza , and Cho's opportunity cost of brewing a gallon of root beer is 2/3 pizza Yvette _ has an absolute advantage in brewing root beer, and Yvette _ has a comparative advantage in brewing root beer. If Yvette and Cho trade foods with each other, _Cho _ will trade pizza in exchange for root beer. The price of pizza can be expressed in terms of gallons of root beer. The highest price at which pizza can be traded that would make both roommates better off is 1 1/2 gallons of root beer, and the lowest price that makes both roommates better off is _2 gallons of root beer per pizza. Grade It Now Save & Continue Continue without saving