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Your friend Sam has been asked to prepare appetizers for the university reception. She has an unlimited amount of ingredients and six hours in which to prepare them. Sam can make 600 mini-sandwiches or 300 servings of melon slices topped with smoked salmon and a dab of sauce per hour. a. What is Sam's opportunity cost of making one mini-sandwich?b. What is Sam's opportunity cost of making one melon appetizer?c. Suppose the reception has been postponed, so Sam has an extra four hours to prepare. What is the opportunity cost of making one mini-sandwich now?d. Suppose the reception has been postponed, so Sam has an extra four hours to prepare. What is the opportunity cost of making one melon appetizer now?e. Suppose Sam's friend Chris helps by preparing the melon slices, increasing Sam's productivity to 300 mini-sandwiches or 300 melon appetizers per hour. What is the opportunity cost of making one mini-sandwich now?f. Suppose Sam's friend Chris helps by pre-paring the melon slices, increasing Sam's productivity to 300 mini-sandwiches or 300 melon appetizers per hour. What is the opportunity cost of making one melon appetizer now?
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Your friend Sam has been asked to prepare appetizers for the university reception. She has an unlimi...
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