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IrinaK [193]
3 years ago
8

Mike and Sandy are two woodworkers who both make tables and chairs. In one month, Mike can make 4 tables or 20 chairs, where San

dy can make 6 tables or 18 chairs. Given this, we know that the opportunity cost of 1 chair is:_________a.1/5 table for Mike and 1/3 table for Sandyb. 1/5 table for Mike and 3 tables for Sandyc-.5 tables for Mike and 1/3 table for Sandyd. 5 tables for Mike and 3 tables for Sandy
Business
2 answers:
leva [86]3 years ago
8 0

Answer:

B

Explanation:

zzz [600]3 years ago
4 0

Answer:

Option (a) is correct.

Explanation:

Mike can make 4 tables or 20 chairs:

Opportunity cost of producing 1 chair = 4 ÷ 20

                                                              = 0.2

Sandy can make 6 tables or 18 chairs:

Opportunity cost of producing 1 chair = 6 ÷ 18

                                                              = 0.33

Therefore,

Mike has the comparative advantage in producing chair because he has the lower opportunity cost as compared to Sandy.

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Answer:

internal disclosure controls and procedures.

Explanation:

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Answer:

need recognition, information search, evaluation of alternatives, purchase, and post purchase behavior

Explanation:

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A(n) ________ is defined as a distinct unit within a brand or product line distinguishable by size, price, appearance, or some o
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The correct answer is stockkeeping unit.

Explanation:

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3 years ago
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Answer:

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Explanation:

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