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Table 2.5 m '-1- Necklaces 1 6 12 Table 2.5 shows the output per week of two jewelers, Serena and Haley. They can either devote
Table 2.5 m '-1- Necklaces 1 6 12 Table 2.5 shows the output per week of two jewelers, Serena and Haley. They can either devote their time to making bracelets or making necklaces. 21) Refer to Table 2.5. What is Haley's opportunity cost of making a bracelet? A) 2 necklaces B) 3 bracelets C) 3/4 of a bracelet D) 1 1/3 necklaces 23) Refer to Table 2.5. What might the price of trade be? A) 1.5 necklaces for 1 bracelet B) 2 bracelets for 1 necklace C) 3 necklaces for 1 bracelet D) 1 bracelet for1 necklace
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