PLEASE HELP!!!Two college roommates are discussing how to divide up the chores for their shared apartment. See the chart below a
nd answer the questions that follow in paragraph form. Sherrod Clarke Clean the Bathroom 60 minutes 45 minutes Dust a room 30 minutes 45 minutes 1.)What is Sherrod’s opportunity cost of cleaning the bathroom in terms of dusting a room? 2.)What is Sherrod’s opportunity cost of dusting a room in terms of cleaning the room? 3.)What is Clarke’s opportunity cost of cleaning the bathroom in terms of dusting a room? 4.)What is Clarke’s opportunity cost of dusting a room in terms of cleaning the room? 5.)Who has the absolute advantage in cleaning the bathroom? In Dusting a room? 6.)Who has the comparative advantage in cleaning the bathroom? In dusting a room? 7.)Who should do which chore and why? Your answer should be based only on the information you have been given and considering comparative advantage.
A change in interest rates is one way to make that correspondence happen. A fall in interest rates increases the amount of money people wish to hold, while a rise in interest rates decreases that amount. A change in prices is another way to make the money supply equal the amount demanded.
