Julia can fix a meal in 1 hour, and her opportunity cost of one hour is $50 . Jacque can fix the same kind of meal in 2 hours, and his opportunity cost of one hour is $20 . Will both Julia and Jacque be better off if she pays him $45 per meal to fix her meals? Explain
Since Julia's opportunity cost of preparing a meal is $50, and Jacque's opportunity cost of preparing a meal is $40, each of them will be better off by $5 per meal if this arrangement is made.
Economics
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