The Figures Below Depict the Production Possibilities Frontiers (PPFs) for Two

question 92

Multiple Choice

The figures below depict the production possibilities frontiers (PPFs) for two people who can allocate the same amount of time between making pizzas and making stromboli. Refer to these figures to answer the questions that follow.

-What is Jim's opportunity cost of making a pizza?

• A) 50 stromboli
• B) 20 stromboli
• C) 2.5 stromboli
• D) 2 stromboli
• E) 1.5 stromboli

Understand the role and benefits of PR in fostering a healthy corporate culture and communicating company values.

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Definitions:

Net Operating Income

A measure of a company's profitability, calculated as gross revenue minus operating expenses, not including taxes and interest.

Break-even

The point at which total costs equal total revenues, resulting in no net loss or gain for the business.

Monthly Unit Sales

The number of units of a product sold in a particular month.

Break-even Point

The financial state in which total revenues equal total expenses, and there is no profit or loss.