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

Scarcity, choice and opportunity cost — practice question

A worker is paid $40 per hour. Instead of working, she spends three hours at a museum. The museum trip costs $40 in all. What is the opportunity cost of the museum visit?

  • A$40
  • B$80
  • C$120
  • D$160

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