Consider the Following Scenario to Answer the Questions That Follow

question 128

Multiple Choice

Consider the following scenario to answer the questions that follow.
Two friends, Rachel and Joey, enjoy baking bread and making apple pies. Rachel takes two hours to bake one loaf of bread and one hour to make one pie. Joey takes four hours to bake one loaf of bread and four hours to make one pie.
-What is Joey's opportunity cost of baking a loaf of bread?

• A) 4 pies
• B) 2 pies
• C) 1 pie
• D) 1 loaf of bread
• E) 1/2 loaf of bread

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Definitions:

Shelter

A place providing temporary or permanent protection and accommodation, especially for people in immediate need or distress.

Theories

Systematic sets of ideas or principles designed to explain certain phenomena or observed facts.

Marriage

A legally recognized union between two individuals in personal relationship, typically signifying cultural, religious, or social bonds.

Family

A group made up of parents and their children, regarded as a unit, regardless of whether they live together.