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

question 18

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.What is Tristan's opportunity cost of producing one fishing lure?

• A)one mowed lawn
• B)3 mowed lawns
• C)1/3 of a mowed lawn
• D)1/4 of a mowed lawn
• E)4 mowed lawns

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Definitions:

Objective Value

The inherent worth of an item, task, or job, based on measurable and tangible factors as opposed to perceived or subjective value.

Decision-making Process

The cognitive process resulting in the selection of a belief or a course of action among several possible alternatives.

Availability Heuristic

An intuitive leap based on readily accessible examples in one's memory when considering a certain theme, notion, strategy, or judgement.

Violent Crimes

Acts of crime that involve force or threat of force, including murder, rape, and assault.