Suppose Cathy and Lewis Work in a Bakery Making Pies

question 6

Multiple Choice

Suppose Cathy and Lewis work in a bakery making pies and cakes. Suppose it takes Cathy 1.5 hours to make a pie and 1 hour to make a cake, and suppose it takes Lewis 2 hours to make a pie and 1.5 hours to make a cake. What is the opportunity cost to Cathy of making a cake?

• A)2/3 of a pie.
• B)1 pie.
• C)1.5 pies.
• D)1.33 pies.

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Definitions:

Hyperbola

A type of smooth curve lying in a plane, consisting of two branches, which are mirror images of each other, and asymptotically approaching fixed lines.

Asymptotes

Asymptotes are lines that a graph approaches but never reaches, illustrating behavior towards infinity or certain points within the domain.

Vertices

Vertices are the corner points where two or more lines, edges, or curves meet.

Hyperbola

A type of smooth curve lying in a plane, formed by intersecting a double cone; it has two disconnected branches.