Question

suppose that people in the economy want even more pizza. instead of 50 pizzas they want 70 pizzas. the opportunity cost of these additional 20 pizzas is_____ wings

Answer 1

The opportunity cost of the additional 20 pizzas is four wings.

Step-by-step explanation:

The opportunity cost of the additional 20 pizzas is four wings. Opportunity cost refers to what people must give up to obtain what they desire, and it is the value of the next best alternative. In this case, the next best alternative to the 20 additional pizzas is the four wings that would have to be foregone.