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. TABLE 1-1 Refer to Table 1-1.What is Tristan's opportunity cost of producing one mowed lawn?
A) one fishing lure
B) 3 fishing lures
C) 4 fishing lures
D) 6 fishing lures
E) 12 fishing lures
Correct Answer:

Verified
Correct Answer:
Verified
Q109: On a diagram of a production possibilities
Q110: An economic system that relies primarily upon
Q111: Suppose one unit of labour can produce
Q112: In economics,what word is used to describe
Q113: The downward-sloping line in the diagram below
Q115: Katie and Hugh are producing pies and
Q116: Which of the following represents a typical
Q117: An important insight by Adam Smith,which was
Q118: The downward-sloping line in the diagram below
Q119: Comparison of economic systems indicates that<br>A)most nations