What is the opportunity cost of a pie at bakery 1

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Reference no: EM13208655

Production Possibilities for two bakeries.

BAKERY 1
Cookies Pies
0 18
10 12
20 6
30 0

BAKERY 2
Cookies Pies
0 9
30 6
60 3
90 0

a. What is the opportunity cost of a pie at Bakery 1
b. What is the opportunity cost of a cookie at Bakery 2
c. Which bakery has a comparative advantage in the production of cookies
d. Draw the production possibilities curve showing the combined effort with specialization.

Reference no: EM13208655

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