use the Table below to answer the following questions :

-Given the same quantity of resources,what is Solange's opportunity cost of producing a New York pizza?
A) 5/2 Philly cheesesteaks
B) 2/5 Philly cheesesteak
C) 3 Philly cheesesteaks
D) 1/3 New York pizza
E) 4/5 New York pizza

Question

use the Table below  to answer the following questions :

-Given the same quantity of resources,what is Solange's opportunity cost of producing a New York pizza?
A) 5/2 Philly cheesesteaks 
B) 2/5 Philly cheesesteak 
C) 3 Philly cheesesteaks 
D) 1/3 New York pizza 
E) 4/5 New York pizza

Quizplus · Accepted Answer

Opportunity cost is defined as the next best alternative forgone when making a decision. In this case, if Solange decides to produce a New York pizza, she forgoes the opportunity to produce 5/2 Philly cheesesteaks, making A the correct choice.

Use the Table Below to Answer the Following Questions