The Opportunity Cost of One More Slice of Pizza in Terms

question 25

Multiple Choice

The opportunity cost of one more slice of pizza in terms of sodas is the

• A) number of pizza slices we have to give up in order to get one extra soda.
• B) number of sodas we have to give up in order to get one extra pizza slice.
• C) total number of sodas that we have divided by the total number of pizza slices that we have.
• D) total number of pizza slices that we have divided by the total number of sodas that we have.
• E) price of a pizza slice minus the price of a soda.

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Definitions:

Supply Chain Financial Impact

The effect that supply chain operations and efficiency have on the financial health and profitability of a company.

Supply Chain Costs

All expenses associated with the production and delivery of a company's products from raw materials sourcing to final delivery to the customer.

ROA

Return On Assets, a financial ratio indicating the profitability of a company relative to its total assets, showcasing how efficiently a company uses its assets to generate earnings.