# Problems and Applications Q3 Frances and Latasha are roommates. They spend most of their time studying...

###### Question:

Problems and Applications Q3

Frances and Latasha 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. Frances takes 5 hours to brew a gallon of root beer and 3 hours to make a pizza. Latasha takes 8 hours to brew a gallon of root beer and 4 hours to make a pizza.

Frances's opportunity cost of brewing a gallon of root beer is   , and Latasha's opportunity cost of brewing a gallon of root beer is   .

has an absolute advantage in brewing root beer, and   has a comparative advantage in brewing root beer.

If Frances and Latasha trade foods with each other,   will trade away 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   of root beer, and the lowest price that makes both roommates better off is   of root beer per pizza.

#### Similar Solved Questions

##### What's the significance of African Theatre.
what's the significance of African Theatre....
##### A two-dimensional unsteady flow with velocity V = ui + vj has the velocity component u...
A two-dimensional unsteady flow with velocity V = ui + vj has the velocity component u = 1, v = cos(t) Derive the pathline y(x) of the fluid particle that goes through point (0, 0) at t = 0 (the final expression for y should be a function of x only). Sketch the result....
##### ·         Determine which law is being violated and explain how it occurred. ·         Summarize the article...
·         Determine which law is being violated and explain how it occurred. ·         Summarize the article or legal case that falls under this violation. ·      &nbs...
##### D Question 85 1 pts Jason told the audience that everyone makes mistakes and then related...
D Question 85 1 pts Jason told the audience that everyone makes mistakes and then related the time he accidentally washed his hair with his mother's hair dye instead of shampoo and came out of the shower with purple hair. To make his speech interesting, Jason was using ____ adult learning princi...
##### 1. [6 Points] A particle is moving along the x-axis. It starts from rest at x...
1. [6 Points] A particle is moving along the x-axis. It starts from rest at x = 0 and moves to x = L under the action of a variable force with an x-component given by Fx(x): x2 if 0 SX SL F(x) = 3 L2 - Lx if L<x<3L Everything is in SI units: x in meters and F in Newtons. Part 1: What is the pa...
##### How do you evaluate \frac { ( 3.00\times 10^ { 6} ) ( 2.0\times 10^ { - 3} ) } { 5.0\times 10^ { - 2} }?
How do you evaluate \frac { ( 3.00\times 10^ { 6} ) ( 2.0\times 10^ { - 3} ) } { 5.0\times 10^ { - 2} }?...
##### Questiorn 2 mol of oxygen gas is confined to a 4 I vessel at a pressure...
Questiorn 2 mol of oxygen gas is confined to a 4 I vessel at a pressure of 13 atm. Avogadro's number is 6.02214 x 1023 1/mol The mass of an O2 molecule is 5.31 × 10-20 kg Find the average translational kinetic en ergy of an oxygen molecule under these con ditions. Answer in units of J. You...
##### Using Ice sheet thickness equation (H): If there were Ice sheets on Mars in the past,...
Using Ice sheet thickness equation (H): If there were Ice sheets on Mars in the past, and at 10 km from the edge of the ice sheet it is 1 km thick, how thick would it be from 1 km from the edge? You may assume the Yield Strenghts and Ice densities remain constants. Use the Ice sheet thickness equati...
##### Urinalysis 2 of 10 2 If urine is in the bladder for only 1 hour before...
Urinalysis 2 of 10 2 If urine is in the bladder for only 1 hour before being collected, which of the following can occur: Urine tests negative for nitrite but positive for bacteria on microscopic. Urine tests negative for blood but positive for red cells on microscopic. Urine tests negative for prot...
##### A bank has a reserve requirement of 50% and no excess reserves. If a new customer...
A bank has a reserve requirement of 50% and no excess reserves. If a new customer deposits $100 million, the bank can make a maximum new loan of:$10 million $50 million$90 million \$100 million...
##### Considering the following joint probability table Consider the following joint probability table. A 0.09 022 015...
considering the following joint probability table Consider the following joint probability table. A 0.09 022 015 020 が 0.03 0.10 0.09 0.12 What is the probability that A occurs? (Round your answer to 2 decimal places.) .What is the probability that B2 occurs? (Round your answer to 2 dec...