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Suppose Jim and Joe run a cleaning company Suppose it takes Joe 15 minutes to make beds, 20 minutes to clean the floor, 30 minutes

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Suppose Jim and Joe run a cleaning company Suppose it takes Joe 15 minutes to make beds, 20 minutes to clean the floor, 30 minutes to do dishes. Jim 10 minutes to make a bed, 15 minutes to clean the floor, 15 minutes to do dishes. Suppose making a bed is worth 7$ , cleaning the floor worth 10$ and dishes worth 8$. A. What is Jim's opportunity cost of making 1 bed? B. Suppose Jim cleans floors. What is the economic profit for Jim cleaning 3 floors an hour when he used to get paid 25$ to mow a lawn for hour, but had to buy 2 dollars in gas for each hour he mowed the lawn

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