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. Given this, we know that the opportunity cost of 1 table is
a. 1/5 chair for Mike and 1/3 chair for Sandy.
b. 5 chairs for make 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.
Answer: B
Macroeconomics
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