Business

Caroline Snow

20 March, 11:52

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. Given this, we know that the opportunity cost of 1 chair is

A - 1/5 table for Mike and 1/3 table for Sandy

B - 1/5 table for Mike and 3 tables for Sandy

C - 5 tables for Mike and 1/3 table for Sandy

D - 5 tables for Mike and 3 tables for Sandy

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