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

question 3

Multiple Choice

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

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Definitions:

Customer Arrival Rate

The frequency at which customers arrive at a service facility within a given time frame.

Customer Service Rate

A metric that measures how effectively a company or organization serves its customers, often evaluated through feedback and service resolution times.

Average Time

The mean value of a set of times; it represents the central tendency of time data.

Customer

An individual or organization that purchases goods or services from a business.