vela cupcakes to minimise opportunity cost. Make Decorate (cupcakes/hr) (cupcakes/hr) Fran 20 12 Mike 24 16 Which of the following statements are true: For Fran, the opportunity cost of making 1 cupcake is decorating 0.6 cupcakes. Mike has an absolute advantage in both making and decorating cupcakes. Fran should specialise in decorating cupcakes. For Mike, the opportunity cost of decorating 1 cupcake is making 0.67 (to two decimal places) cupcakes