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    Exam 2: Trade-Offs, Comparative Advantage, and the Market System
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    Table 2-17 Table 2-17 Shows the Output Per Week of Week
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Table 2-17 Table 2-17 Shows the Output Per Week of Week

Question 38

Question 38

Multiple Choice

Table 2-17
Table 2-17    Table 2-17 shows the output per week of two people, James and Lucy. They can either devote their time to making wagons or making tricycles. -Refer to Table 2-17. What is Lucy's opportunity cost of making a tricycle? A)  3/4 of a wagon B)  3 wagons C)  1 1/3 tricycles D)  2 tricycles Table 2-17 shows the output per week of two people, James and Lucy. They can either devote their time to making wagons or making tricycles.
-Refer to Table 2-17. What is Lucy's opportunity cost of making a tricycle?


A) 3/4 of a wagon
B) 3 wagons
C) 1 1/3 tricycles
D) 2 tricycles

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