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You’re given the following information about a newlywed couple Mike and Debbie. The table provides you with the time it takes each of them to do different chores: vacuuming a room or washing a load of dishes.
Mike
Vacuum 1 room = one hour
2 loads of laundry = one hour
Debbie
Vacuum 2 rooms = one hour
1 load of laundry = one hour
What is Debbie's opportunity cost of washing a load of laundry in terms of vacuuming?
The ability to vacuum 2 rooms.
The ability to vacuum 3 rooms.
The ability to vacuum one room.
The ability to vacuum 1/2 a room.
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Related Question
'Suppose that Lo and Manuel can either run errands or wash dishes. Their maximum outputs per hour are listed in the following table Assume that opportunity costs are constant: Errands Run Dishes Washed 60 40 Lo Manuel Who has absolute advantage in running errands? Select ] (b) Who has comparative advantage in washing dishes? [Select ] Select Manuel'
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Video Transcript
Hi everyone. Welcome to this video. In this question we are given, and this information that he runs runs opportunity cost of one rand dishes washed, then opportunity cost of one dish washing. And the rules were given no. Hello and manual. All right, So and the ransom in our 13 Dishes at 60 and 15 Dishes was just 60 and 45. And the opportunity cost is one x 60 and one x 15. Thank you.
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