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.
-Refer to Table 1- 1. What is Thomas's opportunity cost of producing one fishing lure?
A) 1 mowed lawn
B) 1/6 of a mowed lawn
C) there is no opportunity cost
D) 5 lures
E) 1/6 of a lure
Correct Answer:
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