Mike and Sandy Are Two Woodworkers Who Both Make Tables

question 142

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

---

Definitions:

Highly Regulated Industries

Sectors of the economy that are subject to extensive government regulations and oversight, often for safety, health, or ethical reasons.

Warrants

Securities that grant the owner the option to buy shares of a corporation at a predetermined price until a specified deadline.

Bureau of Land Management

A United States federal agency responsible for administering public lands.

Closed Meetings

Closed Meetings are gatherings not open to the general public, often held by private organizations, government bodies, or companies for confidential discussions.