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carlvh37 carlvh37
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A year ago
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 LuresMowed Lawns
Tristan123
Thomas66

TABLE 1-1

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

▸ 1/6 of a lure

▸ 5 lures

▸ 1/6 of a mowed lawn

▸ 1 mowed lawn

▸ There is no opportunity cost.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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olsondiolsondi
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A year ago
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