Scott and Cindy Both Produce Only Pizza and Tacos

question 20

Multiple Choice

Scott and Cindy both produce only pizza and tacos. In one hour, Scott can produce 20 pizzas or 40 tacos. In one hour, Cindy can produce 30 pizzas or 40 tacos. Scott's opportunity cost of producing 1 taco is

• A) 20 pizzas.
• B) 1/2 of a pizza.
• C) 2 tacos.
• D) 1 pizza.
• E) 2 pizzas.

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Definitions:

Constant

A value that does not change and remains fixed within a given context or equation.

Y-axis

The vertical axis in a graph or chart, typically representing the dependent variable.

X-axis

The horizontal axis in a two-dimensional graph, typically representing the independent variable.

Positive Relationship

A positive relationship in economics indicates that an increase in one variable is associated with an increase in another variable.