Suppose a Bakeshop with 5 Employees Can Produce Both Pies

question 89

Multiple Choice

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 pie?

• A)125 pies
• B)0.4 cakes
• C)2.5 pies
• D)0.4 pies
• E)50 cakes

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Definitions:

Metaphor

A linguistic device where a word or phrase is attributed to an object or activity to which it does not literally pertain, implying a resemblance.

Superego

(sue-per-EE-go) The moral system of the personality, which consists of the conscience and the ego ideal.

Angel

A spiritual being believed to act as a messenger of God, typically portrayed as a human figure with wings.

Conscience

An inner sense of right and wrong that guides a person's thoughts and actions.