Economics 9708 · AS & A Level · Scarcity, choice and opportunity cost

Scarcity, choice and opportunity cost — practice question

A hospital management board chooses to transfer $800 000 from its $1.2m budget for new buildings to cancer care. What opportunity cost does this decision involve?

  • Aa cost of $400 000
  • Ba cost of $800 000
  • Cthe cost of healthcare for cancer patients
  • Dthe loss of some new buildings

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