Economics 0455 · IGCSE · Opportunity cost

Opportunity cost — practice question

A person is able to produce $10$ items for sale at a craft stall in one day. If the person chooses to paint a picture instead, what is the opportunity cost?

  • A$10$ craft items
  • Bthe cost of the materials for the craft items
  • Cthe cost of the paint for the picture
  • Dthe value of the picture

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