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Hello, I have successfully added my answers but I am not sure if they are correct, if they are incorrect, I am am you to
Hello, I have successfully added my answers but I am not sure if they are correct, if they are incorrect, I am am you to please fix it for, me thank you.
Poomima and Valerie are roommates. Theyr spend most of their time studying (of course), but they leave. some time'for their favorite activities; making pizza and brewing root beer. Poorni'ma takes 5 hours to brew a gallon of root beer and 3 hours to make a pizza. Valerie takes 8 hours to brew a gallon of root beer and 4 hours to make a piza. Poomima's opportunity cost of making a pizza is V of root beerr and Valerie's opportunityr cost of making a pizza is v of root beer. v has an absolute advantage in making pizza, and V has a comparative advantage in making pizza. If Poornima and Valerie trade foods with each other, V will trade awayr pizza in exchange for root beer. Hie price of pizza can be expressed in terms of gallons of root beer. The highest price at which piza can he 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 pizza. I + Add to Q 61 m (7 G) 'iZl: K EditBtCreate v 1" Blank: Poom'lma's opportunitv cost of making a pizza is: My answer is: Zgalions of root beer 2"\" Blank: Vaierie's opportunity cost of making a pina is: My answer is: '15 gallon of root beer 3" Blank: My answer is: Valerie has an absolute advantage in making pizza 4\"1 Blank: My answer is: Poornima has a comparative advantage in making pizza 5'\" Blank: My answer is: Valerie will trade away piza in exchange for root beer 6'\" Blank: My answer is 35 gallon of root beer. other choices are: lo gallon or2 gallons or J. 8: 2/3 gallons. Last Blank: My answer is: 2 ggllons of root beer. Other choices are: as gallon or 315 gallon or 1&2f3 gallons. 9 Share ESStep by Step Solution
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