Refer to the Table Below

question 152

Multiple Choice

Refer to the table below. Corey's opportunity cost of making of a pizza is delivering:

• A) 2 pizzas.
• B) 3/2 of a pizza.
• C) 2/3 of a pizza.
• D) 1/2 of a pizza.

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue, indicating the company's bottom line.

Variable Expenses

Expenses that change in proportion to the activity of a business, similar to variable costs.

Selling Price

The amount at which a product or service is sold to customers.

Operating Leverage

Operating Leverage is a measure of how a company's operating income changes with sales volume, indicating the proportion of fixed costs in total costs.