What is the opportunity cost of one necklace

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Reference no: EM131170966

Jane loves to spend her free time making jewelry. Her favorite two pieces of jewelry to make are necklaces and bracelets. It takes Jane 1 hour to make a necklace and 45 minutes to make a bracelet. Assume that she has more than enough supplies to last a lifetime, so the only relevant scarce resource is her free time. What is the opportunity cost to Jane of making one bracelet? What is the opportunity cost of one necklace?

Reference no: EM131170966

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