Multiple Choice
Nick and Traci are two woodworkers who both make tables and chairs. In one month, Nick can make 3 tables or 6 chairs, whereas Traci can make 16 tables or 48 chairs. Given this, we know that the opportunity cost of 1 chair is
A) 1/2 table for Nick and 1/3 table for Traci.
B) 1/2 table for Nick and 3 tables for Traci.
C) 3 tables for Nick and 1/2 table for Traci.
D) 1/3 table for Nick and 2 tables for Traci.
Correct Answer:
Verified
Correct Answer:
Verified
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