The people of Food land have 40 hours of labor a day to bake pizza and bread.

Question:

The people of Food land have 40 hours of labor a day to bake pizza and bread. The table shows the maximum quantity of either pizza or bread that Food land can bake with different quantities of labor. Can Food land produce 30 pizzas and 30 loaves of bread a day? If it can, is this output efficient, do the people of Food land face a trade off, and what is the of producing an additional pizza?

Bread Labor Pizzas (loaves) or 10 10 30 or or 20 50 20 30 60 30 or 40 65 40 or

Opportunity Cost
Opportunity cost is the profit lost when one alternative is selected over another. The Opportunity Cost refers to the expected returns from the second best alternative use of resources that are foregone due to the scarcity of resources such as land,...