Question

Two friends, Monica and Rachel, enjoy baking bread and making apple pies. Monica takes two

hours to bake 1 loaf of bread and one hour to make 1 pie. Rachel takes four hours to bake 1 loaf
of bread and four hours to make 1 pie. What is Monica's opportunity cost of baking 1 loaf of
bread? Describe your answer diagrammatically based on opportunity cost and scarcity.

Answer 1

2 apple pies

Step-by-step explanation:

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