Author Question: The table below illustrates that, in one day, Tristan can produce either 12 fishing lures or mow 3 ... (Read 181 times)

heatherbabydoll1 · **on:** Oct 12, 2022

Question 1

With a budget of $500 000, a school board can choose to purchase 20 000 textbooks or 2000 laptop computers (or some intermediate combination) for use in classrooms.

FIGURE 1-2

Refer to Figure 1-2. What is the price of a laptop computer in this example?

◦ $100
◦ $40
◦ $50
◦ $25
◦ $250

Question 2

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.

	Fishing Lures	Mowed Lawns
Tristan	12	3
Thomas	6	6

TABLE 1-1

Refer to Table 1-1. What is Tristan's opportunity cost of producing one fishing lure?
◦ 4 mowed lawns
◦ one mowed lawn
◦ 3 mowed lawns
◦ 1/4 of a mowed lawn
◦ 1/3 of a mowed lawn

Talvinder.Singh · **Reply #1 on:** Oct 12, 2022

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