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Julia Can Fix a Meal in 1 Hour, and Her

question 78

Essay

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.


Definitions:

Acetaldehyde

A volatile, colorless, and flammable liquid with a pungent odor, used as an intermediate in the synthesis of acetic acid, perfumes, and flavors.

Base-catalyzed Enolization

A chemical process in which a base catalyzes the conversion of a carbonyl compound to its enol form, usually as a key step in forming more reactive enolate ions.

Acetaldehyde

A volatile, colorless, and pungent compound used in the manufacture of acetic acid, perfumes, and flavors.

Enolate

An intermediate formed from an aldehyde or ketone in the presence of a strong base, characterized by the presence of a negatively charged oxygen atom adjacent to a carbon-carbon double bond.

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