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.What is the opportunity cost of 1 chair?
A)1/5 table for Mike and 1/3 table for Sandy
B)5 tables for Mike and 3 tables for Sandy
C)1/3 table for Mike and 1/5 table for Sandy
D)3 tables for Mike and 5 tables for Sandy

Question

Quizplus · Accepted Answer

The opportunity cost of 1 chair for Mike is 1/5 table (since 4 tables = 20 chairs, 1 chair = 1/5 table). For Sandy, it is 1/3 table (since 6 tables = 18 chairs, 1 chair = 1/3 table).

Mike and Sandy Are Two Woodworkers Who Both Make Tables