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6 Safari File Edit View History Bookmarks ' i 2 Tue May 9 2:13 AM 0 0 El] V B ng'cengagecom + [E] ' MindTap
6 Safari File Edit View History Bookmarks ' i 2 Tue May 9 2:13 AM 0 0 El] V B ng'cengagecom + [E] ' MindTap - Cengage Learning ; Richie v Q My Home Module Two Quiz 3 Courses Back lo Assignment ishot |3,42 AM ECO-201-T5696 Microe.\" Attempts Keep the Highest 2 / 4 E Catalog and Study Tools 7' 3. Opportunity Cost Rental Options ishot Ginny and Lucia are roommates. They spend most of their time studying (of course), but they leave some time for their favorite activities: making is College SUCCESS TiPS pizza and brewing root beer. Ginny takes 5 hours to brew a gallon of root beer and 3 hours to make a pizza. Lucia takes 8 hours to brew a gallon of I i l3.47 AM root beer and 4 hours to make a pizza. 9'. Career Success Tips \"It i 9 Help Ginny's opportunity cost of making a pizza is v of root beer, and Lucia's opportunity cost of making a pizza is ( root beer. m Give Feedback . V has an absolute advantage in making pizza, and V has a comparative advantage in making pizza. If Ginny and Lucia trade foods with each other, V 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 V of root beer, and the lowest price that makes both roommates better off is V of root beer per pizzz Continue without saving
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