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The table below illustrates that, in one day, Tristan can produce either 12 fishing lures or mow 3 ...

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The table below illustrates that, in one day, Tristan can produce either 12 fishing lures or mow 3 ...

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.

	Fishing Lures	Mowed Lawns
Tristan	12	3
Thomas	6	6

TABLE 1-1

Refer to Table 1-1. What is Tristan's opportunity cost of producing one fishing lure?

▸ 4 mowed lawns

▸ one mowed lawn

▸ 3 mowed lawns

▸ 1/4 of a mowed lawn

▸ 1/3 of a mowed lawn

Textbook

Microeconomics

Edition: 17^th

Author: Ragan

Read 48 times

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