Table 2-3 Table 2-3 Shows the Output Per Week of Two Jewelers

question 136

Multiple Choice

Table 2-3

Table 2-3 shows the output per week of two jewelers, Serena and Haley. They can either devote their time to making bracelets or making necklaces.
-Refer to Table 2-3.What is Haley's opportunity cost of making a bracelet?

• A) 3/4 of a bracelet
• B) 3 bracelets
• C) 1 1/3 necklaces
• D) 2 necklaces

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Definitions:

Succession

The process of transferring ownership, management, and operational responsibilities to the next generation or chosen successors in a business or organization.

Social Entrepreneur

An individual who starts innovative businesses with the aim to solve social problems and improve society, often with a focus on sustainability and social justice.

Overseas Workers

Individuals who are employed in a country other than their home country, often seeking better employment opportunities or higher wages.

Entrepreneurship

The act of creating, managing, and growing a new business venture to generate profit while taking on significant financial risks.