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.Which of the following statements about Tristan's and Thomas's opportunity costs is correct?
A) Tristan has a higher opportunity cost of producing mowed lawns.
B) Thomas has a higher opportunity cost of producing mowed lawns.
C) Tristan has a higher opportunity cost of producing fishing lures.
D) Thomas has a higher opportunity cost of producing fishing lures.
E) Both A and D are correct.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Suppose Amin has a job that pays
Q2: Suppose drought destroys many millions of acres
Q4: If there is always a three-for-one trade-off
Q5: During economic recessions,the opportunity cost of going
Q6: Which of the following is illustrated by
Q7: A modern economy like Canada's is largely
Q8: A small landscaping firm purchases a tractor
Q9: In recent years,several large Canadian-owned mining and
Q10: The table below illustrates that,in one day,Tristan
Q11: The key decision makers in a market