Suppose That a Bakeshop with 5 Employees Can Produce Both

question 22

Multiple Choice

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 pies
• B)0.25 pies
• C)2.5 pies
• D)0.4 cakes
• E)2.5 cakes

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Definitions:

Hierarchy Of Stimuli

A concept in psychology indicating that certain stimuli are processed and responded to at different priority levels.

Play Therapy

Therapeutic process, often used with children, that employs toys to help them resolve psychological problems.

Psychiatric Hospitals

Medical institutions dedicated to the diagnosis, treatment, and care of individuals with mental health disorders.

Asylums

Asylums historically refer to institutions providing care and shelter for individuals with mental illness or disabilities, though often criticized for their treatment methods and conditions.