William can create 30 meals in one hour, or wash 90 dishes in the same time. Jeremy can create 25 meals in one hour, or wash 50 dishes in one hour. Using opportunity cost, who should specialize in what task?
Question 15 options:
a)
Jeremy gives up fewer dish washings per meal creation, so Jeremy should create meals.
b)
Jeremy can wash twice as many dishes per meal, so Jeremy should wash dishes.
c)
Since creating meals is harder, William should create meals and wash dishes.
d)
Since washing dishes is easier, Jeremy should wash dishes and create meals.
e)
William is more productive and therefore should make meals and wash dishes.