You and your roommate are enrolled in the same course: Postmodern Deconstruction

Question

You and your roommate are enrolled in the same course: Postmodern Deconstruction of Postmodern Deconstructionism. The course requires a term paper. Since the professor encourages collaboration on the paper, you decide to work on it together, "trading" tasks. In 8 hours, you can type 22 pages, whereas your roommate can only type 14. If you do outlining instead of typing, in the same 8 hours you could produce 8 summary outlines of the course readings, while your roommate could only produce 4. the absolute advantage in typing, and the absolute advantage in outlining. should do the typing, and should do the outlining. You determined this allocation of tasks on the basis of. Since the allocation of tasks is based on comparative advantage, and comparative advantage is determined by opportunity costs, fill in the table below with the opportunity costs. (Round your responses to two decimal places.)

Explanation / Answer

I have the absolute advantage in both typing and outlining.

I have converted everything on per hour basis.

My Opportunity cost of outlining 1 p = 2.75 pages of typing (22 / 8)

Roommate opportunity of outlining = 1.75 / 0.5 =3.5 pages of typing.

So, lower if I do the outlining. So, I have comparative advantage in outlining.

My opportunity cost in typing = 1 / 2.75 = .36 pages of outlining

Roommate opportunity cost in typing = .5 / 1.75 = .28 pages of outlining

Thus.lower for the roommate thus, roommate types.

I will do the outlining and roommate will do the typing. Decision based on comparative advantage,

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