The basic relationship between frequency, wavelength and speed of a wave is

(1)
where

is the wavelength
v is the wave speed
f is the frequency
The problem says the two waves have same speed, so

, and that the first wave has twice the frequency of the second wave, so

If we use eq,(1), we can compare the two wavelengths

Where in the last step we used

. Therefore, the first wave has half the wavelength of the second wave, so the correct option is option 2).