Answer: 0.52
Explanation:
Opportunity cost is the benefit that is obtained from a good or from an activity is foregone by choosing some other alternative.
It was given that a family spends its entire budget either on vegetables or frozen pizzas.
So, the opportunity cost of a can of vegetables 
= 0.5294 units of frozen pizzas
This means that opportunity cost of spending on a can of vegetables is 0.52 units of frozen pizzas.
According to question, there be an inflationary expenditure gap or a recessionary expenditure gap of between 4.2 % .
<h3>
Recessionary expenditure gap ?</h3>
A recessionary gap, also known as a contractionary gap, is the discrepancy between actual and prospective production in an economy. Gross domestic product (GDP), a measure of an economy's output used to compare annual growth between nations, is calculated for each country. A slowdown in economic activity that lowers a country's GDP is known as a recession. A contractionary gap in the business cycle occurs when an economy is not operating at equilibrium or at its maximum level of production.
GDP swings are referred to as the business cycle. There are four phases: the trough, growth (or recovery), the peak, and the recession. The low point of the business cycle is during trough times. When production is low and unemployment is high, this happens.
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Answer:
The most you can pay for the pitcher is $17.32
Explanation:
A mark up is a percentage that is always applied on the cost to come up at a required gain over cost. The cost is always taken to be 100% when apply a mark up on cost.
If the mark up is of 27% and cost is 100% then a selling price of 22 will be equal to cost + markup.
Let cost be x.
Selling price = Cost + Mark up
22 = 100% * x + 27% * x
22 = 1x + 0.27x
22 = 1.27 x
22/1.27 = x
x = $17.3228 rounded off to $17.32
