Ask a Question
  
  
  
Top Posters
Since Sunday
18
18
17
17
16
16
16
15
15
14
14
14
New Topic  
wrote...
Posts: 84
2 weeks ago

Question 1.

Suppose that opportunity costs are constant and that Fred can either bake a maximum of six pies or three cakes in a day. Ethel can either produce a maximum of eight pies or two cakes in a day. Fred's opportunity cost to produce one cake is

• two pies.

• one-half pie.

• six pies.

• four pies.

Question 2.

Suppose that opportunity costs are constant and that Fred can either bake a maximum of six pies or three cakes in a day. Ethel can either produce a maximum of eight pies or two cakes in a day. Ethel's opportunity cost to produce one cake is

• two pies.

• four pies.

• one-half pie.

• six pies.
Source  Download
Economics Today: The Micro View
Edition: 19th
Author:
Read 2 times
1 Reply
Replies
Answer verified by a subject expert
wrote...
Posts: 60
2 weeks ago
Sign in or Sign up in seconds to unlock everything.

Answer 1

two pies.

Answer 2

four pies.
1
Related Topics
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers.
Learn More
Improve Grades
Help Others
Save Time
Accessible 24/7
  95 People Browsing
 126 Signed Up Today
Related Images
 759
 93
 56
Your Opinion
What type of music do you study to?
Votes: 42