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iQuizetcoezmeHiBgs Mic > snhu login - Search https:// ng.cengage.com Michelle v My Home Courses Home X 2-1 Quiz -ECO-201-H7895 X Keep the Highest 1.5 /

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snhu login - Search https:// ng.cengage.com Michelle v My Home Courses Home X 2-1 Quiz -ECO-201-H7895 X Keep the Highest 1.5 / 4 MindTap - Cengage Learning X Dashboard = 173581329... CENGAGE MINDTAP Module Two Quiz Back to Assignment Attempts 1 3. Opportunity Cost Q Search this course o. Catalog and Study Tools Rental Options College Success Tips Career Success Tips Help Give Feedback 360F Clear Eleanor and Kyoko 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. Eleanor takes 4 hours to brew a gallon of root beer and 2 hours to make a pizza. Kyoko takes 6 hours to brew a gallon of root beer and 4 hours to make a pizza. Eleanor's opportunity cost of brewing a gallon of root beer is v has an absolute advantage in brewing root beer, and and Kyoko's opportunity cost of brewing a gallon of root beer is v has a comparative advantage in brewing root beer. If Eleanor and Kyoko 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 Grade It Now Q Search v of root beer per pizza. Save & Continue Continue without saving 2:28 PM 3/10/2023

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