Multiple Choice
Ken and Traci are two woodworkers who both make tables and chairs.In one month,Ken can make 3 tables or 18 chairs,whereas Traci can make 8 tables or 24 chairs.Given this,we know that the opportunity cost of 1 table is
A) 1/6 chair for Ken and 1/3 chair for Traci.
B) 1/6 chair for Ken and 3 chairs for Traci.
C) 6 chairs for Ken and 1/3 chair for Traci.
D) 6 chairs for Ken and 3 chairs for Traci.
Correct Answer:
Verified
Correct Answer:
Verified
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