Table 2-17 Table 2-17 Shows the Output Per Week of Week

question 311

Multiple Choice

Table 2-17
Table 2-17 shows the output per week of two people, James and Lucy. They can either devote their time to making wagons or making tricycles.
-Refer to Table 2-17. What is James's opportunity cost of making a tricycle?

• A) 2 tricycles
• B) 1/2 of a wagon
• C) 1/2 of a tricycle
• D) 3/4 of a wagon

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Definitions:

Observations

Data points or values recorded during an experiment or study.

Sample

A subset of individuals, items, or data from a larger population used to estimate characteristics of the whole population.

Mean Times

The average duration or period for an event or series of events.

Observations

Data collected during an experiment or study, often recorded as evidence or for analysis.