Scott and Cindy Both Produce Only Pizza and Tacos

question 201

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.Cindy's opportunity cost of producing 1 taco is

• A) 3/4 of a pizza.
• B) 1 pizza.
• C) 30 pizzas.
• D) 40 pizzas.
• E) 1 1/3 tacos.

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Definitions:

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs from its total revenue; also known as net profit.

Net Sales

The net amount acquired from sales after subtracting returns, allowances, and discounts.

Held-to-Maturity Securities

Financial instruments in the form of debt that a corporation plans to retain until their maturity date.

Short-Term Investments

Financial assets that are expected to be converted into cash or sold within a year, such as stocks or bonds.