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JadeDeLair JadeDeLair
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A year ago
Suppose a bakeshop with 5 employees can produce both pies and cakes. In one day, if all resources are devoted to baking pies, the shop can produce 125 pies; if all resources are devoted to baking cakes, the shop can produce 50. What is the shop's opportunity cost of producing any one cake?

▸ 2.5 pies

▸ 0.25 pies

▸ 2.5 cakes

▸ 0.4 pies

▸ 0.4 cakes
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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melswhi1melswhi1
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#1
Posts: 128
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A year ago
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A year ago
Just got PERFECT on my quiz
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This helped my grade so much Perfect
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