1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lyrx [107]
3 years ago
11

Ken and traci are two woodworkers who both make tables and chairs. in one month, ken can make 3 tables or 18 chairs, whereas tra

ci can make 8 tables or 24 chairs. given this, we know that the opportunity cost of 1 table is
Business
2 answers:
marysya [2.9K]3 years ago
7 0
<span>The answer is 1/6 table for ken and 1/3 table for traci. Woodworking is the activity or talent of making items from wood, it includes cabinet making, wood carving ,carpentry and woodturning, with the advantage of modern technology and the demands of industry, woodwork nowadays has changed.</span>
Nookie1986 [14]3 years ago
3 0

Answer:

Opportunity Cost (of 1 Table) = <u>6 Chairs</u> for Ken

Opportunity Cost (of 1 Table) = <u>3 Chairs</u> for Traci

Explanation:

Opportunity cost is the "cost" incurred when one foregoes the benefit associated with the best substitute choice

In this case, we have Ken and Traci

Both Ken and Traci can choose either to make Tables or Chairs

Opportunity Cost = Return on Most Profitable Investment Choice - Return on Investment Chosen to Pursue

<u>Ken</u>

Makes 3 Tables or 18 Chairs, this implies that for every Table made, 6 Chairs could have been made

Opportunity Cost (of 1 Table) = <u>6 Chairs</u>

<u>Traci</u>

Makes 8 Tables or 24 Chairs, this implies that for every Table made, 3 Chairs could have been made

Opportunity Cost (of 1 Table) = <u>3 Chairs</u>

You might be interested in
in Illinois Mobile homes are generally considered to wich one a. personal property b. real property c.trade fixture d. fixtures
valina [46]

A. personal property


6 0
3 years ago
What money management skills?
VLD [36.1K]

Answer:

Money management skills are the abilities to control your spending and money and be able to prepare for the future.

Explanation:

by preparing for the future, I mean saving up your money while still using enough so you have food and clothes and other necessities. and by being able to control it, I mean not spending your money on useless things like a box chicken or fancy luxurious scissors.

5 0
2 years ago
Disney gets its cast members to go out of their way to make people happy by valuing its employees like internal customers, which
Zigmanuir [339]
<span>The process Disney uses as getting their employees to go out of their way to make people happy by means of valuing employees as if they were internal customers is called internal marketing. Internal marketing is a process that can only happen within a company or organization. The base idea of it is to align the employees with the business through motivation and through empowerment of employees at all levels to push them to deliver rewarding experiences to customers.</span>
5 0
3 years ago
Item 16Item 16 Oscar makes purchases of an existing product (X) such that the marginal utility of the last unit he consumes is 1
padilas [110]

Answer:

increase his consumption of product Y and decrease his consumption of product X

Explanation:

Base on the scenario been described in the question, Oscar make purchase of a X product which he already has, which after consuming has a 10 utils costing him $5, he also purchase another product Y he which after consuming has 8 until costing, this suggest that Oscar reduce his consumption on X and increase his consumption on Y according to the equal marginal principle.

The equal marginal principle talks about the behavior of a consumer in sharing his available income within various goods and services. This law states that how a consumer distributes his money income within various goods to be able obtain maximum satisfaction.

5 0
3 years ago
Which of the following items could be painted in a dark color to be on trend in 2020?
adell [148]
I think black toilets would be cool and a 2020 trend and if not hopefully in 2021
5 0
3 years ago
Other questions:
  • Kraft, Inc. sponsors a defined-benefit pension plan. The following data relates to the operation of the plan for the year 2013.
    14·1 answer
  • Match each event with the correct description of the company’s use of social media.
    15·2 answers
  • Examples of _____ controls include production quality control and internal auditing. feedforward feedback vertical horizontal id
    6·1 answer
  • Marcy Tucker received the following items this year. Determine to what extent each item is included in her AGI. (Leave no cells
    14·1 answer
  • An investment banker has recommended aâ $100,000 portfolio containing assetsâ B, D, and F.â $20,000 will be invested in assetâ B
    9·1 answer
  • Last year, Flash Company sold 15,000 units of its only product. If sales decreased by 17% in the current year, how will total va
    14·1 answer
  • Gonzo Co. owns a building in Georgia. The building’s historical cost is $970,000, and $440,000 of accumulated depreciation has
    11·1 answer
  • Catrina Santana contributed a patent, accounts receivable, and $23,000 cash to a partnership. The patent had a book value of $8,
    5·1 answer
  • Should all companies use blind recruiting in place of traditional recruiting, or are there exceptions that must be considered? ​
    15·1 answer
  • How is creating a report with the report wizard different from creating one with the report button?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!