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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>

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zimovet [89]
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7 0
3 years ago
yeloe corporation sells 400 shares of common stock being held as an investment. The shares were acquired six months ago at a cos
Keith_Richards [23]

Answer:

Entry is given below

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Entry:

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8 0
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Katarina [22]

Answer:

A. home health aides; computer programmers

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When developing career goals, it is important to have the mindset that dramatic changes can and often do occur in the job market. In considering the data in your text, it can be seen that the profession of _____ experienced a dramatic increase over the past decade, while careers as ______ have experienced a substantial decrease during the same time frame.

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Explanation:

Ethics demands reasons to be given for changing from one depreciation method to another. There are three depreciation methods that are applicable including double-declining balance technique, unit of production technique, and straight-line technique.  

Changing from one depreciation method to another must be done in the best interests of shareholders and reasons for such a change must be disclosed. Therefore, ethics requires a company to reveal the changes in depreciation method and adhere to the accounting principles related to the method used.  

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