Consider the following scenario to answer the following questions: Two friends, Monica and Chandler, enjoy baking bread and making apple pies. Monica takes two hours to bake 1 loaf of bread and one hour to make 1 pie. Chandler takes four hours to bake 1 loaf of bread and four hours to make 1 pie. What is Monica's opportunity cost of baking 1 loaf of bread? O a. 1 loaf of bread O b. 4 ples O c. 2 pies O'd. 1 pie O e. 1/2 loaf of bread QUESTION 11 A camera takes pictures of drivers who do not stop at a red light, and this practice is used to issue traffic tickets. These red light cameras can be understood as serving a() O a. indirect incentive to encourage individuals to stop at a red light. O b. negative incentive to encourage individuals to drive through a red light. @ c. negative incentive to discourage individuals from driving through a red light. O d. positive incentive to encourage individuals to stop at a red light. O e. direct incentive to encourage individuals to stop at a red light.Bea bakes pastries well, and Lucian raises great herbs. If Lucian trades parsley with Bea in exchange for cupcakes, then O a. either Bea or Lucian is made better off by trade, but not both. O b. only Lucian is made better off by trade. c. only Bea is made better off by trade. O d. both Bea and Lucian are made better off by trade. Ce. neither Bea nor Lucian are made better off by trade. QUESTION 13 At full employment, a society produces O a. only one good. O b. at the origin on its PPF graph. O c. somewhere outside its PPF. O d. somewhere within its production possibilities frontier (PPF). O e. on its PPF