Exhibit 3-13
-Refer to Exhibit 3-13. The opportunity cost of producing an additional cupcake equals:

Question

​Exhibit 3-13 
-Refer to Exhibit 3-13. The opportunity cost of producing an additional cupcake equals:

Quizplus · Accepted Answer

The opportunity cost of producing an additional cupcake can be calculated by finding the amount of cakes that would have to be given up to produce one additional cupcake. In this case, if one cupcake is produced, 1/4 of a cake would have to be given up, as producing one cake leads to the loss of four cupcakes. Therefore, the answer is C.

​Exhibit 3-13 -Refer to Exhibit 3-13. the Opportunity Cost of Producing an of Producing

Exhibit 3-13 -Refer to Exhibit 3-13. the Opportunity Cost of Producing an of Producing