Refer to the following table to answer the questions that follow.

-Given the same quantity of resources,what is Alicia Keys'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

Refer to the following table to answer the questions that follow.
 
-Given the same quantity of resources,what is Alicia Keys'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

The opportunity cost of producing one New York pizza is the amount of Philly cheesesteaks that could have been produced with the same resources. If the opportunity cost is 5/2 Philly cheesesteaks, it means that for every New York pizza produced, 2.5 Philly cheesesteaks are forgone.

Refer to the Following Table to Answer the Questions That