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Assignment _1

# Assignment _1 - Yujie Li ID 880569410 Assignment#1 1 Bob...

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Yujie Li ID #: 880569410 Assignment #1 1. Bob can paint one window frame or two walls in one hour. In the same time, Jessica can paint either two window frames or three walls. a) Who has the lower opportunity cost in painting window frames? Bob, because if Bob were to paint window frames then the cost would be two walls, But if Jessica paints window frames, the cost would be three walls. b) Who has the lower opportunity cost in painting the walls? Bob, because if Bob were to paint walls, the cost would be one window frame. On the other hand, if Jessica paints walls, then the cost would be two window frames. c) If Bob and Jessica desire to minimize the time spent in painting, who should specialize in painting window frames and who should specialize in painting walls? If Bob is in charge of painting window frames and Jessica is in charge of painting walls, then in one hour, 1 window and 3 walls will be painted and 2 windows and 6 walls will be painted. But

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Assignment _1 - Yujie Li ID 880569410 Assignment#1 1 Bob...

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