Julia can fix a meal in one hour,and her opportunity cost of one hour is $50.Jacque can fix the same kind of meal in two hours,and his opportunity cost of one hour is $20.Will both Julia and Jacque be better off if she pays him $45 per meal to fix her meals
Explain.

Question

Julia can fix a meal in one hour,and her opportunity cost of one hour is $50.Jacque can fix the same kind of meal in two hours,and his opportunity cost of one hour is $20.Will both Julia and Jacque be better off if she pays him $45 per meal to fix her meals
 Explain.

Quizplus · Accepted Answer

The Answer of Julia can fix a meal in one hour,and her opportunity cost of one hour is $50.Jacque can fix the same kind of meal in two hours,and his opportunity cost of one hour is $20.Will both Julia and Jacque be better off if she pays him $45 per meal to fix her meals
 Explain.

Julia Can Fix a Meal in One Hour,and Her Opportunity