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 table?
A)1/5 chair for Mike and 1/3 chair for Sandy
B)5 chairs for Mike and 3 chairs for Sandy
C)1/3 chair for Mike and 1/5 chair for Sandy
D)3 chairs for Mike and 5 chairs for Sandy

Question

Quizplus · Accepted Answer

The opportunity cost of 1 table for Mike is 5 chairs (since he can make 20 chairs instead of 4 tables, so 20/4 = 5 chairs per table). For Sandy, the opportunity cost of 1 table is 3 chairs (since she can make 18 chairs instead of 6 tables, so 18/6 = 3 chairs per table).

Mike and Sandy Are Two Woodworkers Who Both Make Tables