ALL questions are multiple choice.. question 1, 2 and 6 have the options of A. 1/2 gallon b. 2 gallons c. 3/5 gallons D. 1 2/3 gallons. Questions 3, 4, 5 and 7 have the options of A. Valerie or B. Caroline.

CENGAGE |MINDTAP Module Two Quiz Back to Assignment Attempts Keep the Highest / 4 3. Opportunity Cost Valerie and Caroline 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. Valerie takes 5 hours to brew a gallon of root beer and 3 hours to make a pizza. Caroline takes 8 hours to brew a gallon of root beer and @ hours to make a pizza. Valerie's opportunity cost of making a pizza is of root beer, and Caroline's opportunity cost of making a pizza is of root beer. has an absolute advantage in making pizza, and has a comparative advantage in making pizza. If Valerie and Caroline 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. Grade It Now Save & Continue Continue without saving