Question

Imported Section 1 1) Lou and Alex live together and share household chores. They like to cook some meals ahead of time and e
2) Earth Movers & Shakers operates 3 iron ore mines. The table below shows each mines total daily production and the current
The opportunity cost of moving one miner from Scraping Bottom to another mine is: I 3 tons per day. 5 tons per day. 4 tons pe
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Answer #1

Q1) Opportunity cost of cleaning room for Lou = 4/5 meals

Opportunity cost of cleaning room for Alex = 3/3 = 1 meal

Since the opportunity cost of cleaning is lower for Lou, he should only clean rooms

The opportunity cost of cooking for Lou = 5/4 = 1.25 rooms

The opportunity cost of cooking for Alex = 3/3 = 1 rooms

Since the opportunity cost of cooking is lower for Alex, he should only cook meals.

Thus, the answer is (a)

Q2) Opportunity cost of moving one miner from Scraping bottom to other mine = contribution of one miner in scraping bottom = 30/10 = 3 tons

Thus, the answer is (a) 3 tons per day

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