Lou and Alex live together and share household chores.They like to cook some meals ahead and eat leftovers.Suppose that in one hour Lou and Alex can do the following:

-For Alex,the opportunity cost of cleaning one room is ________ meal(s);for Lou the opportunity cost of cleaning one room is _________ meal(s).
A) 1;4/5
B) 1;5/4
C) 1.5;2.5
D) 5/3;4/3
E) 3;5

Question

Lou and Alex live together and share household chores.They like to cook some meals ahead and eat leftovers.Suppose that in one hour Lou and Alex can do the following:
 
-For Alex,the opportunity cost of cleaning one room is ________ meal(s);for Lou the opportunity cost of cleaning one room is _________ meal(s).
A) 1;4/5 
B) 1;5/4 
C) 1.5;2.5 
D) 5/3;4/3 
E) 3;5

Quizplus · Accepted Answer

For Alex, the opportunity cost of cleaning one room is the number of meals that he could have prepared in the same amount of time it takes him to clean one room. In one hour, Alex could prepare 3 meals (according to the information given in the table) while Lou could prepare 4.8 meals. Therefore, the opportunity cost of cleaning one room for Alex is 3 meals, while for Lou it is 4.8 meals. Simplifying the fractions, the closest answer choice is A, in which the opportunity cost of cleaning one room is 1 meal for Alex and 4/5 of a meal for Lou.

Lou and Alex Live Together and Share Household Chores