Solved

The Table Below Illustrates That,in One Day,Tristan Can Produce Either

Question 91

Multiple Choice

The table below illustrates that,in one day,Tristan can produce either 12 fishing lures or mow 3 lawns,while Thomas can produce either 6 fishing lures or mow 6 lawns. The table below illustrates that,in one day,Tristan can produce either 12 fishing lures or mow 3 lawns,while Thomas can produce either 6 fishing lures or mow 6 lawns.   TABLE 1-1 Refer to Table 1-1.What is Thomas's opportunity cost of producing one fishing lure? A) 5 lures B) 1 mowed lawn C) 1/6 of a lure D) 1/6 of a mowed lawn E) There is no opportunity cost. TABLE 1-1 Refer to Table 1-1.What is Thomas's opportunity cost of producing one fishing lure?


A) 5 lures
B) 1 mowed lawn
C) 1/6 of a lure
D) 1/6 of a mowed lawn
E) There is no opportunity cost.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions