Mike and Sandy Are Two Woodworkers Who Both Make Tables

question 87

Multiple Choice

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)5 tables for Mike and 3 tables for Sandy.
• C)1/3 table for Mike and 1/5 table for Sandy.
• D)3 tables for Mike and 5 tables for Sandy.

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Definitions:

Supplier Selection

The process of evaluating and choosing the best suppliers based on criteria such as price, quality, reliability, and service.

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