Refer to Figure 3-4. Both Alvina and Betty

A) face a constant trade-off between producing pitchers of lemonade and pizzas.
B) can produce more pizzas than pitchers of lemonade if they devote all of their time to pizza production.
C) would benefit from specializing in lemonade production.
D) would benefit from specializing in pizza production.

Trade-Off

A situational decision that involves diminishing or losing one quality, quantity, or property of a set or design in return for gains in other aspects.

Lemonade

A sweetened beverage made from lemon juice, water, and sugar, often served cold and considered refreshing, particularly in warm weather.

Pizzas

A popular dish of Italian origin, consisting of a flatbread typically topped with tomato sauce, cheese, and various other ingredients, then baked.