Multiple Choice
Mike and Sandy are two woodworkers who both make tables and chairs.In one month,Mike can make 4 tables or 20 chairs,where Sandy can make 6 tables or 18 chairs.What is the opportunity cost of 1 table?
A) 1/5 chair for Mike and 1/3 chair for Sandy
B) 5 chairs for Mike and 3 chairs for Sandy
C) 1/3 chair for Mike and 1/5 chair for Sandy
D) 3 chairs for Mike and 5 chairs for Sandy
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Figure 3-3<br>Ice cream and cones are measured
Q24: What are exports?<br>A) limits placed on the
Q55: Table 3-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2183/.jpg" alt="Table 3-3
Q57: Table 3-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2183/.jpg" alt="Table 3-1
Q59: Table 3-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2183/.jpg" alt="Table 3-3
Q61: Table 3-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2183/.jpg" alt="Table 3-3
Q82: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q129: Table 3-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Table 3-4
Q166: Table 3-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Table 3-4
Q193: Suppose a producer requires a smaller quantity