Mark and Julie Are Going to Sell Brownies and Cookies

question 205

Essay

Mark and Julie are going to sell brownies and cookies for their third annual fundraiser bake sale.In one day, Mark can make 40 brownies or 20 cookies, and Julie can make 15 brownies or 15 cookies.What is Mark's opportunity cost to produce one brownie?
A.1 cookie
B.1 brownie
C.1/2 cookie
D.1/2 brownie

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Definitions:

Federal Reserve Board

An independent agency of the federal government established in 1913 to regulate the nation’s banking and financial industry.

Securities

Financial instruments that represent an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.