Posted by **Jen** on Tuesday, May 29, 2007 at 7:16pm.

Pat takes 4 hours to brew 5 L of beer and 2 hours to make a pizza. Kris takes 6 hours to brew 5 L of beer and 4 hours to make a pizza.

What is Pat and Kris's opportunity cost of making a pizza?

Think the problem through, then take a shot. The opportunity cost of making pizza is not making beer. Hint: how much beer would Pat NOT make if Pat made 2 pizzas?

Pat would not make 2.5 L of beer but i am confused about Kris.

Use the same math and procedure. For Pat, I believe you did the following calculations. To make 2 pizzas she would need 4 hours, which equals 5 L of beer -- So, one pizza would equal 2.5L of beer.

For Kris to make 1 pizza would take 4 hours or (4/6)*5 L of beer = 3.3333 L of beer. Ergo, Kris's opportunity cost for making pizza is higher than Pats. (Which will mean the Kris's opportunity cost for making beer is Lower than Pat's)

## Answer This Question

## Related Questions

- Economics - Pat and Kris are roommates. They spend most of their time studying, ...
- MSD - Pat and Kris are roommates. They spend most of their time studying (of ...
- math - 5. A bus on a regular schedule takes 3 1/4 hours to reach its ...
- College Algebra - Tammy can do a certain job in 6 hours. Kris can do the same ...
- math - Pat worked 43 hours and received $7.25 per hour for regular pay and time...
- math - Pat worked 43 hours and received $7.25 per hour for regular pay and time-...
- math - A manufacturer makes two products A and B, each of which is processed in ...
- linear equations - A manufacturer makes two products A and B, each of which is ...
- System of Linear Equations - A manufacturer makes two products A and B, each of...
- math - if julie takes 4 hours to type up a manuscript and pat takes 6, if they ...

More Related Questions