A business produces picnic tables and benches. The business currently produces 20 tables and 10 benches per week. An increase in demand for benches has the business considering a change to 15 tables and 15 benches per week. What is the trade-off the business must make?(1 point)

Question

Responses

the difference between the profit of 10 benches and the profit of 15 benches
the difference between the profit of 10 benches and the profit of 15 benches

the choice between the net profit of the new production schedule and the net profit of the old production schedule
the choice between the net profit of the new production schedule and the net profit of the old production schedule

the difference between the profit of 20 tables and the profit of 15 tables
the difference between the profit of 20 tables and the profit of 15 tables

the choice between the cost of the new production schedule and the cost of the old production schedule
the choice between the cost of the new production schedule and the cost of the old production schedule

Answer 1

The trade-off the business must make is:

the difference between the profit of 20 tables and the profit of 15 tables.

This choice reflects the opportunity cost involved in reducing the number of tables produced in order to increase the production of benches.