Multiple Choice
Scenario: Mark can make three tables and one chair in a day, while John can make four tables and one chair in a day.
-Refer to the scenario above.Which of the following is true in this case?
A) Mark should specialize in making tables, because he has a lower opportunity cost of producing them.
B) Mark should specialize in making chairs, because he has a lower opportunity cost of producing them.
C) Mark should specialize in making tables, because he has a greater opportunity cost of producing them.
D) Mark should specialize in making chairs, because he has a greater opportunity cost of producing them.
Correct Answer:
Verified
Correct Answer:
Verified
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