Table 19-6 Mateo and Celeste Produce Custom Saddles and Spurs

question 367

Multiple Choice

Table 19-6
$\begin{array}{|l|l|l|} \hline& \text { Saddles } & \text { Spurs (pairs) } \\\hline \text { Mateo } & 75 & 225 \\\hline \text { Celeste } & 100 & 225 \\\hline\end{array}$ Mateo and Celeste produce custom saddles and spurs. Table 19-6 lists the number of saddles and pairs of spurs Mateo and Celeste can each produce in one month.
-Refer to Table 19-6.Select the statement that accurately interprets the data in the table.

• A) Mateo has a greater opportunity cost than Celeste for making saddles.
• B) Mateo's opportunity cost for making saddles is less than Celeste's.
• C) Celeste has a greater opportunity cost than Mateo for making saddles.
• D) Mateo's opportunity cost for making saddles and making spurs are both greater than Celeste's.

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Definitions:

Benefits

Advantages or positive outcomes derived from a particular action or policy.

Free Good

A good that is available without any cost, typically because it is abundant or not owned by any one entity.

Economizing Behavior

The practice of minimizing costs or expenditures while achieving desired outcomes.

Opportunity Cost

The penalty of overlooking the closest preferable alternative in the course of decision-taking.