Posted by **Ahmad** on Saturday, November 3, 2012 at 2:22pm.

Pat and Kris 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. Pat takes 4 hours to brew a gallon of root beer and 2 hours to make a pizza. Kris takes 6 hours to brew a gallon of root beer and 4 hours to make a pizza. a. What is each roommateâ€™s opportunity cost of making a pizza? Who has the absolute advantage in making pizza? Who has the comparative advantage in making pizza? b. If Pat and Kris trade foods with each other, who will trade away pizza in exchange for root beer? c. The price of pizza can be expressed in terms of gallons of root beer. What is the highest price at which pizza can be traded that would make both roommates better off? What is the lowest price? Explain.

## Answer This Question

## Related Questions

- Economics - Pat and Kris are roommates. They spend most of their time studying, ...
- Econ - Pat takes 4 hours to brew 5 L of beer and 2 hours to make a pizza. Kris ...
- math - if julie takes 4 hours to type up a manuscript and pat takes 6, if they ...
- time management - As I spend more and more time working, I spend less time with ...
- Math 2 - Cheiko bottles 4 1/8 quarts of root beer. Then she bottles another 5 7/...
- math - Though Pat's dog runs 2m/sec slower than Pat, the dog runs three times as...
- 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...
- algebra - SOME CHILDREN/ PAT/SAM/AND KYLE WERE PLAYING IN THE SNOW. THE CHILDREN...
- math ps. help - Time Spent Studying (in hours) The time spent studying, in ...

More Related Questions