Jason an Melissa are both aspiring chefs. Jason can prepare a tray of lasagna in 15 minutes. He can prepare a cake in 30 minutes. Melissa can prepare a tray of lasagna in 45 minutes. She can prepare a cake in 15 minutes. Based on this information which statement is correct? a. Jason's opportunity cost of lasagna is 1/2 cake, while Melissa's opp. cost of lasagna is 3 cakes.
b. Jason's opportunity cost of cake is 2 lasaqna, while Melissa's opp. cost of cake is 3 lasagna.
c. Jason's opportunity cost of lasagna is 2 cakes, while Melissa's opp. cost of lasagna is 1/3 cake.
d. Jason's opportunity cost of cake is 1 lasagna, while Melissa's opp, cost of cake is 2 lasagna.

Acrosswalk_when there are no pavement markings.

Suppose a firm faces a fixed price of output, 푝푝= 1200. the firm hires workers from a union at a daily wage, 푤푤, to produce output according to the production function 푞푞= 2퐸퐸12. there are 225 workers in the union. any union worker who does not work for this firm is guaranteed to find nonunion employment at a wage of $96 per day. a.what is the firm’s labor demand function? b.if the firm is allowed to choose 푤푤, but then the union decides how many workers to provide (up to 225) at that wage, what wage will the firm set? how many workers will the union provide? what is the firm’s output and profit? what is the total income of the 225 union workers? c.now suppose that the union sets the wage, but the firm decides how many workers to hire at that wage (up to 225). what wage will the union set to maximize the total income of all 225 workers? how many workers will the firm hire? what is the firm’s output and profit? what is the total income of the 225 union workers? [hint: to maximize total income of union, take the first order condition with respect to w and set equal to 0.]

When the federal reserve buys bonds from or sells bonds to member banks, it is called monetary policy reserve ratio interest rate adjustment open market operations