Tom and Jerry Have Two Tasks to Do All Day

question 74

Multiple Choice

Tom and Jerry have two tasks to do all day: make dishes and build fences.If Tom spends all day making dishes,he will have make 16 dishes.If he instead devotes his day to building fences,Tom will build 4 fences.If Jerry spends his day making dishes,he will make 14 dishes; if he spends the day building fences,he will build 7 fences.For Jerry,the opportunity cost of building a fence is ________ dishes made.

• A) 14
• B) 7
• C) 4
• D) 2

---

Definitions:

Service Contracts

Agreements between a service provider and a customer that outline the terms of professional service delivery, including scope, quality, and responsibilities.

Liquidated Debt

A debt of a specific, fixed amount that is acknowledged between parties or determined through a legal process.

Dispute

A disagreement, conflict, or controversy, often necessitating resolution through discussion, negotiation, or legal action.

Money Owed

Refers to funds that are due to be paid by one party to another under the terms of a contract or as a recognized debt.