Mary has a comparative advantage in baking cakes.
Opportunity cost is frequently referred to as the second-best option. The loss of gain that would have been realized if a different option had been chosen is sometimes referred to as the alternative cost. The loss of benefit as a result of a change in choice is another way to explain it. Every opportunity cost is the result of a bad choice. The opportunity cost will decrease the better the choice is. Every daily task carries an opportunity cost. The opportunity cost of sleeping more could be the coursework you didn't complete. Although you would rather sleep, doing your schoolwork makes you more productive and might even help you get better grades.
To learn more about opportunity cost visit;
https://brainly.com/question/13036997
#SPJ4
