Barb and Jim run a business that sets up and tests computers. Assume that Barb and Jim can switch between setting up and testing computers at a constant rate. The following table applies. Minutes Needed to Number of Computers Set Up or Tested in a 40-Hour Week Set Up 1 Computer Test 1 Computer Computers Set Up Computers Tested 50 40 Barb 48 Jim 30 40 80 60 Refer to Table 3-28. Barb's opportunity cost of setting up one computer is testing O a. 4/5 computer and Jim's opportunity cost of setting up one computer is testing 3/4 computer. O b. 4/5 computer and Jim's opportunity cost of setting up one computer is testing 4/3 computers. O c. 5/4 computers and Jim's opportunity cost of setting up one computer is testing 3/4 computer. O d. 5/4 computers and Jim's opportunity cost of setting up one computer is testing 4/3 computers.

Barb and Jim run a business that sets up and tests computers. Assume that Barb and Jim can switch between setting up and testing computers at a constant rate. The following table applies. Minutes Needed to Number of Computers Set Up or Tested in a 40-Hour Week Set Up 1 Computer Test 1 Computer Computers Set Up Computers Tested 50 40 Barb 48 Jim 30 40 80 60 Refer to Table 3-28. Barb's opportunity cost of setting up one computer is testing O a. 4/5 computer and Jim's opportunity cost of setting up one computer is testing 3/4 computer. O b. 4/5 computer and Jim's opportunity cost of setting up one computer is testing 4/3 computers. O c. 5/4 computers and Jim's opportunity cost of setting up one computer is testing 3/4 computer. O d. 5/4 computers and Jim's opportunity cost of setting up one computer is testing 4/3 computers.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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