Bake Sale On a normal day, David can make 12 cakes or 6 pies. Loren can make 8 cakes or 6 pies. Question 1: David’s opportunity cost of producing 1 cake is ___ pies. Answer: give up / gain = Question 2: David’s opportunity cost of producing 1 pie is ____ cakes. Answer: Give up / gain = Question 3: Loren’s opportunity cost of producing 1 cake is ___ pies. Answer: give up / gain = Question 4: Loren’s opportunity cost of producing 1 pie is ____ cakes. Answer: Give up / gain =