Suppose Angelo Sessa, Owner of Sezz Medi Brick Oven Pizza

question 262

Multiple Choice

Suppose Angelo Sessa, owner of Sezz Medi Brick Oven Pizza in NYC, earns $350,000 in revenue per year. He spends $800 a month on ash wood for his stove, $2000 a month on rent, and $1500 a month on ingredients. He used to be a lawyer and earned $240,000 a year before he opened up Sezz Medi. Normal profit for a pizza business is $30,000. What is Angelo's opportunity cost of production?

• A) $350,000
• B) $312,600
• C) $288,000
• D) $321,600

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Definitions:

Twist Evidence

The deliberate manipulation or alteration of facts or data to support a particular viewpoint or argument.

Emotional Appeals

A persuasive technique that targets the audience's emotions to elicit a response or influence opinions.

Comparative Advantages

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors.

Criteria Satisfaction

A method used in decision-making or persuasive argumentation that involves meeting established standards or requirements to achieve a desired outcome.