Scenario 3-1
The production possibilities frontiers below show how much Greg and Catherine can each produce in 8 hours of time.
Greg's Production Possibilities
Catherine's Production Possibilities 
-Refer to Scenario 3-1.What is Catherine's opportunity cost of producing cake? Explain how you derived your answer.
Definitions:
Deregulation
involves reducing or eliminating government control over industry sectors to foster competition and improve efficiency.
Transportation Companies
Businesses that specialize in moving goods, passengers, or both from one location to another.
Buying
The act of acquiring goods or services in exchange for money, encompassing both personal and organizational purchasing decisions.
Making
The process of creating or producing something, typically referring to manufacturing or craftsmanship activities.
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