Practice Question 8: Resubmitted Table 1 James Lucy Wagons 16 18 Tricycles 32 24 Table 1 shows the output per week of two people, James and Lucy. They can either devote their time to making wagons or making tricycles. What is Lucy's opportunity cost of making a wagon? Group of answer choices 1. 1 1/3 tricycles 2. 2 tricycles 3. 3/4 of a wagon 4. 3 wagons
Practice Question 8: Resubmitted Table 1 James Lucy Wagons 16 18 Tricycles 32 24 Table 1 shows the output per week of two people, James and Lucy. They can either devote their time to making wagons or making tricycles. What is Lucy's opportunity cost of making a wagon? Group of answer choices 1. 1 1/3 tricycles 2. 2 tricycles 3. 3/4 of a wagon 4. 3 wagons
Chapter2: Scarcity And Opportunity Costs
Section: Chapter Questions
Problem 4E
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Practice Question 8: Resubmitted
Table 1
| James | Lucy |
Wagons | 16 | 18 |
Tricycles | 32 | 24 |
Table 1 shows the output per week of two people, James and Lucy. They can either devote their time to making wagons or making tricycles.
What is Lucy's
Group of answer choices
1. 1 1/3 tricycles
2. 2 tricycles
3. 3/4 of a wagon
4. 3 wagons
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