Two college roommates are discussing how to divide up the chores for their shared apartment. See the chart below and answer the questions that follow in paragraph form.

1) Sherrod's opportunity cost of cleaning the barhtroom is dusting 2 rooms, because cleaning the bathroom takes him 60 minutes, and cleaning 1 room takes him 30 minutes.

2) His opportunity cost is cleaning half the bathroom. Because he dusts one room in 30 minutes, and takes 60 minutes to clean the bathroom.

3) Clarke's opportunity cost is dusting one room, because it takes him exactly the same time to clean the bathroom (45 minutes).

4) His opportunity cost is cleaning 1 bathroom for the same reason as above.

5) Clarke has absolute advantage in cleaning the bathroom, because it takes him less time to do so than Sherrod. Sherrod has absolute advantage in dusting a room, because it takes him less time to do so than Clarke.

6) Sherrod has the comparative advantage in cleaning the bathroom because his opportunity cost is less. Clarke has the comparative advantage in dusting the room because his opportunity cost is less.

7) Each chore should be done by the person who has the comparative advantage: Clarke should ust the room, and Sherrod should clean the bathroom.

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levels of production can be increased by technology while holding labor and capital constant, because increased technology makes the production process more efficient. subsequently, the lras curve is almost a vertical line, that can shift to the right, with an increase in technology.

the relationship between the lras curve and the ppc is that both can make the economy could grow. the ppc achieves that when it shifts outward because of more resources or technological advances while the lras curve shifts if more resources are developed or if there are technological advances.

the lras curve is a vertical line at an output level that represents the number of goods and services a nation can produce over a sustained period using all of its productive resources as efficiently as possible with all of the current technology available to it.

the production possibilities frontier (ppf) is a graphical device that is used for economic analysis of production decisions because the ppf measures the maximum possible combinations of two goods that an economy is capable of producing with its currently available resources and technology.