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 5 hours to brew a gallon of root beer and 3 hours to make a pizza. Cho takes 8 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 , and Cho's opportunity cost of brewing a gallon of root beer is has an absolute advantage in brewing root beer, and has a comparative advantage in brewing root beer. If Yvette and Cho trade foods with each other, will trade away 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 of root beer, and the lowest price that makes both roommates better off is of root beer per pizza