Mike is a college student who works part time and earns $100 per week. He spends his entire income on two goods: pepperoni pizzas and bottles of soda. The price of a pepperoni pizza is $10 and the price of a bottle of soda is $2. What is the opportunity cost of a pepperoni pizza? What is the opportunity cost of a bottle of soda?

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The Answer of Mike is a college student who works part time and earns $100 per week. He spends his entire income on two goods: pepperoni pizzas and bottles of soda. The price of a pepperoni pizza is $10 and the price of a bottle of soda is $2. What is the opportunity cost of a pepperoni pizza? What is the opportunity cost of a bottle of soda?

Mike Is a College Student Who Works Part Time and Earns