5. Opportunity cost and production possibilities Maria is a talented artist who sells hand-crafted goods on her website. Maria currently crafts and sells both knit caps and cutting boards. She spends 8 hours a day working on crafts. The following table gives different daily output scenarios depending on how much of her time is spent on each good. Choice Hours Crafting (Knit caps) (Cutting boards) (Knit caps) Produced (Cutting boards) A 8 0 4 0 B 6 2 3 9 C 4 4 2 13 D 2 6 1 16 E 0 8 0 17

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