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ssi15 ssi15
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A year ago
Scenario: Mark can make three tables or one chair in a day, while John can make four tables or one chair in a day.


Refer to the scenario above. Which of the following is TRUE in this case?

▸ Mark should specialize in making chairs, because he has a lower opportunity cost of producing them.

▸ Mark should specialize in making tables, because he has a greater opportunity cost of producing them.

▸ Mark should specialize in making tables, because he has a lower opportunity cost of producing them.

▸ Mark should specialize in making chairs, because he has a greater opportunity cost of producing them.
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Macroeconomics

Macroeconomics


Edition: 3rd
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KFordKFord
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A year ago
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ssi15 Author
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A year ago
Helped a lot
ezsancheezy
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Yesterday
Smart ... Thanks!
vanna2014
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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