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.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)Tristan has a higher opportunity cost of producing fishing lures.
C)Thomas has a higher opportunity cost of producing mowed lawns.
D)Thomas has a higher opportunity cost of producing fishing lures.
E)Both A and D are correct.

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.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)Tristan has a higher opportunity cost of producing fishing lures.
C)Thomas has a higher opportunity cost of producing mowed lawns.
D)Thomas has a higher opportunity cost of producing fishing lures.
E)Both A and D are correct.

Quizplus · Accepted Answer

Tristan's opportunity cost of mowing 1 lawn is 4 fishing lures (12/3), while Thomas's is 1 fishing lure (6/6), so Tristan has a higher opportunity cost for mowing lawns. Thomas's opportunity cost of producing 1 fishing lure is 1 mowed lawn (6/6), while Tristan's is 0.25 mowed lawns (3/12), so Thomas has a higher opportunity cost for producing fishing lures.

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