Scenario: Mark Can Make Three Tables and One Chair in a Day

question 130

Multiple Choice

Scenario: Mark can make three tables and one chair in a day, while John can make four tables and one chair in a day.
-Refer to the scenario above.Which of the following is true in this case?

• A) Mark should specialize in making tables, because he has a lower opportunity cost of producing them.
• B) Mark should specialize in making chairs, because he has a lower opportunity cost of producing them.
• C) Mark should specialize in making tables, because he has a greater opportunity cost of producing them.
• D) Mark should specialize in making chairs, because he has a greater opportunity cost of producing them.

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Definitions:

State A Problem

Involves articulating or identifying a specific issue or challenge that needs resolution or attention.

Significantly Higher Scores

Results or assessments that are markedly above average or exceed a predefined threshold.

SAT

A standardized test widely used for college admissions in the United States, assessing readiness for college-level work.

Sample

A subset of individuals, items, or data taken from a larger population used to make inferences or understand more about the larger group.