Table 2-6 Table 2-6 Shows the Output Per Week of Two Jewelers

question 110

Multiple Choice

Table 2-6

Table 2-6 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 2-6.What is Serena's opportunity cost of making a necklace?

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

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Definitions:

Common Stock

A type of security representing ownership in a corporation, with holders having a claim on part of the company's assets and profits.

Paid-in Capital

The amount of capital "paid in" by investors during common or preferred stock issuances, including the par value of the shares and amounts over par.

Stock Dividend

A stock dividend is a dividend payment made to shareholders in the form of additional shares of stock instead of cash.

Stock Dividend

Instead of cash, a company distributes additional shares to its shareholders as a form of payment.