Jason an Melissa are both aspiring chefs. Jason can prepare a tray of lasagna in 15 minutes. He can prepare a cake in 30 minutes. Melissa can prepare a tray of lasagna in 45 minutes. She can prepare a cake in 15 minutes. Based on this information which statement is correct?
a. Jason's opportunity cost of lasagna is 1/2 cake, while Melissa's opp. cost of lasagna is 3 cakes.
b. Jason's opportunity cost of cake is 2 lasaqna, while Melissa's opp. cost of cake is 3 lasagna.
c. Jason's opportunity cost of lasagna is 2 cakes, while Melissa's opp. cost of lasagna is 1/3 cake.
d. Jason's opportunity cost of cake is 1 lasagna, while Melissa's opp, cost of cake is 2 lasagna.
Answers: 3
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Jason an Melissa are both aspiring chefs. Jason can prepare a tray of lasagna in 15 minutes. He can...
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