Refer to the table below. Julia's opportunity cost of making a pie is: Time to Make a PieTime to Make a CakeMartha60 minutes80 minutesJulia50 minutes60 minutes
A. 60 cakes
B. 6/5 of a cake
C. 5/6 of a cake
D. 6 cakes
Answer: C
Economics
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Economics
The rising price of oil has made it feasible to extract oil out of oily sand in Canada. Concerning the oil market this is an example of
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Economics