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

question 48

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 next three questions.

-What is Jim's opportunity cost of making 1 pizza?

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

---

Definitions:

Market Forces

The economic factors affecting the price, demand, and availability of goods and services in a free market, including competition, supply, and demand.

Discrimination

Unfair treatment of a person or group based on characteristics such as race, gender, age, or religion.

Median Weekly Earnings

The middle value of weekly earnings from a group of workers, where half earn more and the other half earn less.

Union Members

Individuals who belong to an organized group of workers whose aim is to negotiate with employers about wages, working conditions, and other employment-related matters.