Figure 3-6
The production possibilities frontiers below show how much Greg and Catherine can each produce in 8 hours of time.
Greg's Production Possibilities
Catherine's Production Possibilities 
-Refer to Figure 3-6. What is Catherine's opportunity cost of producing cake? Explain how you derived your answer.
Definitions:
Refrigeration
The process of removing heat from a space or substance to lower its temperature, often used for preserving food or other perishables.
Tax Returns
Official documents filed with tax authorities declaring income, profits, and losses to determine tax liability.
Post Office
A public institution responsible for mail collection, distribution, and delivery services.
Cash Payments
Transactions where payment for goods or services is made in the form of physical currency or coins.
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