The correct option is C) 2/5 wedding cake; 1/4 wedding cake
Thus, the opportunity cost of decorating an ice-cream cake is 2/5 wedding cake for Jack and 1/4 wedding cake for Jill.
Step-by-step explanation:
Jack and Jill work at bakery.
Given:
Jack decorates either 5 ice-cream cakes or 2 wedding cakes
Jill decorates either 4 ice-cream cakes or 1 wedding cake
The opportunity cost of decorating an ice-cream cake = ?
Jack = no. of wedding cakes/no. of ice-cream cakes
Jack =2/5
Jill = no. of wedding cakes/no. of ice-cream cakes
Jill = 1/4