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. $$\begin{array} { | l | c | c | }
\hline & \text { Fishing Lures } & \text { Mowed Lawns } \
\hline \text { Tristan } & 12 & 3 \
\hline \text { Thomas } & 6 & 6 \
\hline
\end{array}$$ TABLE 1- 1
-Refer to Table 1- 1.What is Thomas's opportunity cost of producing one fishing lure?
A)1/6 of a lure
B)1 mowed lawn
C)there is no opportunity cost
D)5 lures
E)1/6 of a mowed lawn

Question

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. $$\begin{array} { | l | c | c | } 
\hline & \text { Fishing Lures } & \text { Mowed Lawns } \
\hline \text { Tristan } & 12 & 3 \
\hline \text { Thomas } & 6 & 6 \
\hline
\end{array}$$ TABLE 1- 1
-Refer to Table 1- 1.What is Thomas's opportunity cost of producing one fishing lure?
A)1/6 of a lure
B)1 mowed lawn
C)there is no opportunity cost
D)5 lures
E)1/6 of a mowed lawn

Quizplus · Accepted Answer

Thomas's opportunity cost of producing one fishing lure is 1 mowed lawn because he gives up mowing 6 lawns to produce 6 fishing lures, so for each lure, he gives up 1 lawn.

The Table Below Illustrates That,in One Day,Tristan Can Produce Either