PLEASE HELP!!!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. 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.

7. Sherrod should clean the room because he has the comparative advantage in cleaning the bathroom, while Clarke should dust the room because he has the comparative advantage in dusting a room.

How to illustrate the information?

The chart is merged together and it is first sorted before the questions are answered as follows:

Details Sherrod Clarke

Clean the Bathroom 60 minutes 45 minutes

Dust a room 30 minutes 45 minutes

a. What is Sherrod’s opportunity cost of cleaning the bathroom in terms of dusting a room?

Sherrod's opportunity cost of bathroom cleaning = Minutes required for dusting a room / Minutes required for bathroom cleaning = 30 minutes / 60 minutes = 0.5

b. What is Sherrod’s opportunity cost of dusting a room in terms of cleaning the room?

Sherrod's opportunity cost of dusting a room = Minutes required for bathroom cleaning / Minutes required for dusting a room = 60 minutes / 30 minutes = 2

c. What is Clarke’s opportunity cost of cleaning the bathroom in terms of dusting a room?

Clarke's opportunity cost of bathroom cleaning = Minutes required for dusting a room / Minutes required for bathroom cleaning = 45 minutes / 45 minutes = 1

d. What is Clarke’s opportunity cost of dusting a room in terms of cleaning the room?

Clarke's opportunity cost of dusting a room = Minutes required for bathroom cleaning / Minutes required for dusting a room = 45 minutes / 45 minutes = 1

e. Who has the absolute advantage in cleaning the bathroom? In Dusting a room?

Clarke has the absolute advantage in cleaning the bathroom because he uses 45 minutes which is lesser than the 60 minutes that Sherrod uses in cleaning the room.

Sherrod has the absolute advantage in dusting a room because he uses 30 minutes which is lesser than the 45 minutes that Clarke uses in dusting the room.

6. Who has the comparative advantage in cleaning the bathroom? In dusting a room?

Sherrod has the comparative advantage in cleaning the bathroom because his opportunity cost of 0.5 in terms of dusting a room is less than Clarke's opportunity cost of 1 minute in terms of dusting a room.

Clarke has the comparative advantage in dusting a room because his opportunity cost of 1 in terms of cleaning the bathroom is less than Sherrod's opportunity cost of 2 minutes in terms of dusting a room.

7. Who should do which chore and why?

Sherrod should clean the room because he has the comparative advantage in cleaning the bathroom. Clarke should dust the room because he has the comparative advantage in dusting a room.

If they follow this recommendation, the total time they will spend in doing the chores for their shared apartment will be lesser.

Learn more about opportunity cost on:

https://brainly.com/question/1549591

#SPJ1