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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 asking you to
Hello, I have successfully added my answers but I am not sure if they are correct, if they are incorrect, I am asking you to help me please, thank you.
Rina and Yvette 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. Rina takes 3 hours to brew a gallon of root beer and 2 hours to make a pizza. Yvette takes 7 heurs to brew a gallon of root beer and 5 hours to make a pizza. Rina's opportunity cost of making a pizza is 2/3 gallon v of root beer, and Yvette's opportunity cost of making a pizza is 5/? gallon v of root beer. Rina V has an absolute advantage in making pizza, and Rina V has a comparative advantage in making pizza. If Rina and Yvette trade foods with each other, Yvette V will trade aiiiia'lr 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 V of root beer, and the lowest price that makes both roommates better off is 1 2f 5 gallons V of root beer per pizza. 111 current answers are as follows: Blank 1: 2'3 gallon J he other choices are: 5i? gallon or 1825 gallons or 1&1i2 gallons). Blank 2: 5!? gallon (i he other choices are: 213 gallon or 18215 gallons or 1&1i2 gallons). Blank 3: Rina (The other choice is: Yvette). Blank 4: Rina (The other choice is: Yvette). Blank 5: Yvette (The other choice is: Rina). Blank 6: 1&1i'2 gallons (The other choices are: 21'3 gallon 0r 5!? gallon or 18:25 gallons). Blank T: 1&2i'5 gallons (l' he other choices are: 5'? gallon or 23 gallon or 1&1i2 gallons)Step by Step Solution
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