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use the following information to answer the questions below.

suppose that oscar and felix are roommates and they want to find a way to divide up household chores—cooking meals and doing laundry. it takes oscar 45 minutes to make a meal and 90 minutes to do a load of laundry. it takes felix 60 minutes to make a meal and 60 minutes to do a load of laundry.

a. has the absolute advantage in making meals

b. has the absolute advantage in doing laundry

c. oscars opportunity cost of doing a load of laundry i meals

d. felix is opportunity cost of doing a load of laundry is dinner

if oscar and felix want to specialize

e. oscar should

f. felix should

g. if oscar and felix trade one load of laundry should trade for more than (a) meals but if you are then be (b) meals

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.

The following are budgeted data: january february march sales in units 16,200 22,400 19,200 production in units 19,200 20,200 18,700 one pound of material is required for each finished unit. the inventory of materials at the end of each month should equal 20% of the following month's production needs. purchases of raw materials for february would be budgeted to be:

Ernesto baca is employed by bigg company. he has a family membership in his company's health insurance program. the annual premium is $5,432. ernesto's employer pays 80% of the total cost. ernesto's contribution is deducted from his paycheck. what is his annual contribution? $1,086.40 $1,125.65 $1,527.98 $1,567.20 save and exit