Multiple Choice
John and Mary work at a bakery. John can decorate either 10 ice-cream cakes or 4 wedding cakes; Mary can decorate either 8 ice-cream cakes or 2 wedding cakes. According to this scenario
A) the opportunity cost of decorating an ice-cream cake for John is 1/4 wedding cake.
B) the opportunity cost of decorating an ice-cream cake for John is 2/5 wedding cake.
C) the opportunity cost of decorating an ice-cream cake for John is 2.5 wedding cakes.
D) the opportunity cost of decorating an ice-cream cake for John is 4 wedding cakes.
Correct Answer:
Verified
Correct Answer:
Verified
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