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What is the most efficient way of throwing the party

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Reference no: EM132631620

Suppose that you and your roommate Pat are planning a party at your apartment to celebrate the end of the pandemic. Before you have the party you have to clean your apartment and earn $100 for food and drinks. Suppose that, working alone, either you or Pat could clean the apartment in two days. Working together you could both clean the apartment in one day. You can make $25 a day working at the dining hall, and Pat can make $50 a day as a video game instructor. According to the principle of comparative advantage, what is the most efficient way of throwing the party?

a.You should both spend one day working and one day cleaning the apartment.

b.You should go to work and Pat should clean the apartment. You could pay Pat $25.00 to clean the apartment.

c.Pat should go to work and you should clean the apartment. Pat could pay you between $25.00 and $50.00 to clean the apartment.

d.You should both spend two days cleaning the apartment.

e.There is no way to know for sure given the information provided.

Reference no: EM132631620

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