Amy and Bill are fixing up their house by painting walls and installing electrical outlets. In one hour, Amy can paint 8 walls, or install 6 outlets. In one hour, Bill can paint 5 walls, or install 5 outlets a. If Amy painted 8 walls in the first hour of work, and then switched to doing 6 outlets in the second hour of work, what was the opportunity cost of each of those outlets? Instructions: Round your answers to two decimal places. For the third hour, if she switches back to painting 8 walls, what was the opportunity cost of each of those walls? b. If Bill painted 5 walls in the first hour of work, and then switched to doing 5 outlets in the second hour of work, what was the opportunity cost of each of those outlets? Instructions: Answer in whole numbers. For the third hour, if he switches back to painting 5 walls, what was the opportunity cost of each of those walls?

MACROECONOMICS FOR TODAY
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ISBN:9781337613057
Author:Tucker
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Chapter18: International Trade And Finance
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Amy and Bill are fixing up their house by painting walls and installing electrical outlets. 

     

     In one hour, Amy can paint 8 walls, or install 6 outlets. 

     

     In one hour, Bill can paint 5 walls, or install 5 outlets

 

a. If Amy painted 8 walls in the first hour of work, and then switched to doing 6 outlets in the second hour of work, what was the opportunity cost of each of those outlets?

 

Instructions:  Round your answers to two decimal places.

 

 

 

For the third hour, if she switches back to painting 8 walls, what was the opportunity cost of each of those walls? 

 

 

 

b.  If Bill painted 5 walls in the first hour of work, and then switched to doing 5 outlets in the second hour of work, what was the opportunity cost of each of those outlets? 

 

Instructions:  Answer in whole numbers.

 

 

 

For the third hour, if he switches back to painting 5 walls, what was the opportunity cost of each of those walls?

 

 
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