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

Scarcity, choice and opportunity cost — practice question

An individual has a dental appointment. He can either drive there by car, or leave the car at home and go by bus followed by train. The journey costs are shown below. Using this information, what is the opportunity cost to the individual of going by car instead of by bus and train?

  • A$2
  • B$4
  • C$7
  • D$12

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