Consider the Following Scenario to Answer the Next Four Questions

question 104

Multiple Choice

Consider the following scenario to answer the next four questions: Two friends, Rachel and Joey, enjoy baking bread and making apple pies. Rachel takes two hours to bake 1 loaf of bread and one hour to make 1 pie. Joey takes four hours to bake 1 loaf of bread and four hours to make 1 pie.
-What is Joey's opportunity cost of baking 1 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:

Extraversion

A personality trait characterized by outgoingness, high energy, and sociability.

Openness

A personality trait that features characteristics of imaginative, curious, and open-minded individuals, often associated with a willingness to experience new things.

Maslow's Ideas

The psychological theories proposed by Abraham Maslow, including the hierarchy of needs, which outlines a progression of human needs from basic to self-actualization.

American Corporations

Business entities incorporated in the United States, known for their influential role in the global economy and culture.