Business, 19.03.2021 18:00 keke6361

Ramon and Sammy are working on a group homework assignment. The homework consists of a set of essay questions and a set of questions on graphing models. Ramon can finish an essay question in about 15 minutes and a graphing question in about 30 minutes. Sammy can finish an essay question in about 20 minutes and a graphing question in about 35 minutes. Assume that Ramon and Sammy produce the same quality answers. Calculate Ramon and Sammy's opportunity cost of each task. Please round each answer to the nearest tenth. a. Ramon's opportunity cost of completing an essay question: graphing questions
b. Ramon's opportunity cost of completing a graphing question: essay questions
c. Sammy's opportunity cost of completing an essay question: graphing questions
d. Sammy's opportunity cost of completing a graphing question: essay questions
e. If the two want to specialize in working on their homework, who should do the essay questions and who should do the graphing questions?
A. Sammy should do all of the questions.
B. Ramon should do the graphing questions, and Sammy should do the essay questions.
C. Ramon should do the essay questions, and Sammy should do the graphing questions.
D. Ramon should do all of the questions.

Answers: 3

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Ramon and Sammy are working on a group homework assignment. The homework consists of a set of essay...