Attempts

Keep the Highest $/4$

$2.$ Problems and Applications Q$3$

Ginny and Lucia 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. Ginny takes $3$ hours to brew a gallon of root beer and $2$ hours to make a pizza. Lucia takes $7$ hours to brew a gallon of root berer and $5$ hours to make a pizza.

Ginny's opportunity cost of making a pizza is $\frac{2}{3}$ gallon of root beer, and Lucia's opportunity cost of making a pizza is $\frac{5}{7}$ gallon of root beer.

Ginny $gra{d}_{?}$ has an absolute advantage in making pizza, and has a comparative advantage in making pizza.

If Ginny and Lucia trade foods with each other, Lucia grad will trade 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.