Ken and Traci Are Two Woodworkers Who Both Make Tables

question 10

Multiple Choice

Ken and Traci are two woodworkers who both make tables and chairs.In one month,Ken can make 3 tables or 18 chairs,whereas Traci can make 8 tables or 24 chairs.Given this,we know that the opportunity cost of 1 table is

• A)1/6 chair for Ken and 1/3 chair for Traci.
• B)1/6 chair for Ken and 3 chairs for Traci.
• C)6 chairs for Ken and 1/3 chair for Traci.
• D)6 chairs for Ken and 3 chairs for Traci.

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Definitions:

Upscale Department Store

A retail establishment offering high-quality products and services to affluent customers, characterized by luxury brands and superior customer service.

Touch Point

Any point at which a customer and the company come into contact.

Customer

A person or organization that buys goods or services from a store or business.

Company

An entity formed to engage in a business, trade, or industrial activity, typically characterized by its legal independence and ownership structure.