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
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.

You might be interested in
Beau went shopping at ABC Carpet. He saw some carpet he liked but could not make up his mind. The manager at ABC Carpet wrote do
Taya2010 [7]

Answer:

C) The court will apply the predominant-purpose test to determine whether the predominant purpose of the contract was the sale of goods in which case the UCC would apply.

Explanation:

From the case it is clear that the contract happens between Beau and the Manager of XYZ is of selling the carpet only. The service on the other hand, is not a department of UCC. The service contracts are department of common law whereas sales of goods law is applied to UCC or Uniform Commercial Code. So, except this option, all other options are false.

5 0
3 years ago
On November 1, 2024, Rockwood Co. signed a one-year contract to provide handyman services on an as-needed basis to King Associat
Virty [35]

Answer: 4,800

Explanation:

i dont really know but i think it might be 4,800

7 0
2 years ago
As the demand for goods and services decreases, job growth _____.
lyudmila [28]

B. Decreases

if demand goes down, nobody is buying anything, so the need to produce/manufacture is down

5 0
3 years ago
Read 2 more answers
What is an example of a positive incentive for consumers
Maru [420]
A positive incentive for consumers is a coupon clipped from a newspaper.
Hope This Helps!!
:)
7 0
3 years ago
Read 2 more answers
The activity concerned with the production of goods and services is called​
kifflom [539]
Answer: Labor
Explanation: Human Resources (labor) The quantity and quality of human effort directed toward producing goods and services (also called labor).
8 0
2 years ago
Other questions:
  • Last year Ann Arbor Corp had $195,000 of assets (which equals total invested capital), $305,000 of sales, $20,000 of net income,
    7·1 answer
  • The relationship of business processes is​ _______.
    14·1 answer
  • Solutions Group managers suggest that clients consider doing a resonance test when designing advertising, because this will help
    9·1 answer
  • An example of a consumer would be a
    12·1 answer
  • In which part of a professional email should you be brief but highly descriptive?
    5·1 answer
  • Selected sales and operating data for three divisions of different structural engineering firms are given as follows: Division A
    5·1 answer
  • 2. Are grants renewable, Do you need to complete a FAFSA in order to be eligible for need-based grants?
    12·1 answer
  • Which set of materials includes the fewest number of ingredients that are needed to make a lemon into an effective battery that
    15·1 answer
  • A benchmark market value index is comprised of three stocks. Yesterday the three stocks were priced at $30, $38, and $90. The nu
    13·1 answer
  • Because accepted practice for establishing rapport, greetings, and even the exchange of business cards can vary widely around th
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!