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j22 j22
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2 months 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


Edition: 3rd
Authors:
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bizmailovabizmailova
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2 months ago
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John should specialize in making tables, because he has a lower opportunity cost of producing them.

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j22 Author
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2 months ago
Smart ... Thanks!
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Yesterday
Correct Slight Smile TY
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2 hours ago
Good timing, thanks!
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