Economics 0455 · IGCSE · Opportunity cost

Opportunity cost — practice question

The diagram illustrates the options available to an individual between leisure time and earnings. The person chooses a job that provides more leisure time. What is the opportunity cost to the individual of moving from position Y to position X?

  • A$20
  • B$80
  • C4 hours of leisure per day
  • D12 hours of leisure per day

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