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

• A)5 lures
• B)1 mowed lawn
• C)1/6 of a lure
• D)1/6 of a mowed lawn
• E)there is no opportunity cost

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Definitions:

Output Of Apples

The total amount of apples produced in a given time period, often used in agricultural and economic analysis.

Cost Function

A mathematical formula or representation showing how costs vary with changes in the level of an activity, such as production volume.

Output Of Apples

The total quantity of apples produced within a given timeframe, often used to measure agricultural productivity.

Advertising Expenditures

Money spent by businesses to promote their products or services through various forms of media such as television, internet, print, or billboards.