Suppose that Ron and Karen have a boutique bakery where they make only cakes and...
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Suppose that Ron and Karen have a boutique bakery where they make only cakes and biscuits. Their daily productivity is reported in the table below.
| Cakes (kg/day) | Biscuits (kg/day) |
Ron | 7.9 | 3 |
Karen | 2.8 | 6.6 |
Ron’s opportunity cost of producing a kilogram of cake is kg of biscuits.
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