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question 24

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FIGURE 1- 5 ) FIGURE 1- 5 )    -Suppose that 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? A) 0.4 cakes B) 2.5 cakes C) 2.5 pies D) 0.25 pies E) 0.4 pies
-Suppose that 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?


Definitions:

Organised

Having one's thoughts, actions, and possessions in order so as to operate efficiently and effectively.

Wernicke's Area

A region of the brain important for language development, located in the temporal lobe, responsible for the comprehension of speech.

Pituitary Gland

A small, pea-sized gland located at the base of the brain, considered the master gland because it produces hormones that regulate many functions of other endocrine glands.

Corpus Callosum

A dense bundle of neural fibers separating the lobes of the cerebral cortex into left and right hemispheres, enabling the two brain sides to communicate with each other.

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