# HW1 - Jessica Dietz UT EID jad2793 ECO 304K Homework#1...

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Jessica Dietz UT EID: jad2793 ECO 304K January 31, 2008 Homework #1 Question 1: Coats Mittens Whitney 10 min 40 min Lauren 15 min 45 min Coats Mittens Whitney 72 18 Lauren 48 16 a. OC for Whitney for coats = 10 min/40 min = 1/4 pair mittens b. OC for Lauren for coats = 15 min/45 min = 1/3 pair mittens c. OC for Whitney for mittens = 40 min/10 min = 4 coats d. OC for Lauren for mittens = 45 min/15 min = 3 coats e. Whitney has CA in coats and Lauren has CA in mittens. I know this because I compared the OC costs for each good for Whitney and Lauren. Lauren can make 1/3 pair of mittens while Whitney can make 1/4 pair and 1/3 > 1/4. Whitney can make 4 coats while Lauren can make 3 and 4>3. f. Whitney has AA in both goods. I know this because Whitney can make 72 coats in 12 hours and Lauren can only make 48 and 72>48. Whitney can also make 18 coats in 12 hours while Lauren can only make 16 and 18>16. Therefore Whitney has AA in making both coats and mittens.

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HW1 - Jessica Dietz UT EID jad2793 ECO 304K Homework#1...

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