Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
j22 j22
wrote...
Go to Answer
Posts: 116
Rep: 0 0
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?

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

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

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

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

Macroeconomics


Edition: 3rd
Authors:
Read 68 times
1 Reply
Replies
Answer verified by a subject expert
bizmailovabizmailova
wrote...
#1
Posts: 137
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

j22 Author
wrote...

A year ago
This calls for a celebration Person Raising Both Hands in Celebration
foxrcng11
wrote...

Yesterday
Brilliant ツ
emilyas19
wrote...

2 hours ago
This helped my grade so much Perfect
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1344 People Browsing
 112 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 1177
  
 684
  
 694
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 741
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?