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Refer to Figure 2-1. What is the opportunity cost of producing an additional cupcake equal to? a. b. C. 4 cakes 40 cakes 10 cakes

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Refer to Figure 2-1. What is the opportunity cost of producing an additional cupcake equal to?

a.

b.

C.

4 cakes

40 cakes

10 cakes

d. 1/4 of a cake

image text in transcribed
Question 1 FIGURE 2-1 Not yet answered 40 B Marked out of 1.00 C P Flag Cupcakes 24 20 question 12 production possibilities curve F 0 45 10 Cakes Refer to Figure 2-1. What is the opportunity cost of producing an additional cupcake equal to? O a. 4 cakes b. 40 cakes O c. 10 cakes O d. 1/4 of a cake

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