3. Read the scenario below and provide answers to the questions. Sabrina is a little girl whose uncle Josh is babysittin

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3 Read The Scenario Below And Provide Answers To The Questions Sabrina Is A Little Girl Whose Uncle Josh Is Babysittin 1 (47.33 KiB) Viewed 51 times

3. Read the scenario below and provide answers to the questions. Sabrina is a little girl whose uncle Josh is babysitting. Sabrina's mom left some ingredients to make cookies and cakes. Josh asked Sabrina what she would like to make, and she replied saying both. There is a problem, Josh must figure out how many cakes and cookies the ingredients available would make. Josh ran numbers and have the data below to show you. Cookies Y4 Y3 B B Y2 c F @ D Y1 E X3 X4 Cakes O X1 X2 Number of Cakes Point A B Number of Cookies 42 38 4 с 30 7 D 19 9 10 E The above graph and table are production possibility frontier for cookie and cake production. It maps out the different combinations of cookies and cakes. If the ingredients are to be used efficiently. Questions (2 marks each) 1. What does point A, B, C, D and E represent? 2. What does point F represent? 3. What can you say about point G? 4. Describe the opportunity cost if we decide to choose combination B, 38 cookies and 4 cakes.