Question

Perry Angelo is planning to open a restaurant. He has the resources to produce and sell either hamburgers or pizzas. So he does some research
and finds that the new location has a good demand for pizza. He hires cooks, wait staff, and an accounts person for his new pizzeria. He also
arranges for materials such as pizza ingredients and pizza boxes.
Determine three factors affecting Perry's cost of making pizza. Write down the name of the factors and their instances in this scenario in the table.

Answer 1

Answer:

Factors Affecting Cost Factors Affecting Cost

opportunity cost: the opportunity to produce and sell    

                                                                              hamburgers

cost of materials: cost of pizza ingredients and pizza boxes

sunk cost: money spent on researching the best option

fixed cost: money for paying employees

marginal cost:the cost of baking one more pizza

Step-by-step explanation: