Consider the Following Scenario to Answer the Next Four Questions

question 109

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 Rachel'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:

Hacking

Unauthorized access to computer systems or networks with the intent to steal, alter, or destroy information.

Antitrust Activities

Actions or practices that stifle competition, violate antitrust laws, and are aimed at establishing or maintaining a monopoly.

World Trade Organization

An international organization that regulates international trade with the aim of ensuring trade flows as smoothly, predictably, and freely as possible.