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Janet can produce 30 cakes or 300 cookies an hour. Holly can produce 50 cakes or 100 cookies an hour. Calculate Janet's opportunity cost of
Janet can produce 30 cakes or 300 cookies an hour. Holly can produce 50 cakes or 100 cookies an hour. Calculate Janet's opportunity cost of a cake and Hollys opportunity cost of a cake. If each spend 30 minutes of each hour producing cakes and 30 minutes producing cookies, how many cakes and cookies does each produce? Who has a comparative advantage in producing pies and cakes
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