Economics 0455 · IGCSE · Opportunity cost

Opportunity cost — practice question

A builder uses one hour each day to travel between home and work. He works 40 hours per week for $\$200$. He is offered the option of working 50 hours a week for an additional $\$75$. What is the opportunity cost to the builder of taking the extra hours?

  • Athe ability to increase his purchasing power
  • Bthe additional time travelling to and from work
  • Cthe increased hourly earnings of $\$7.50$
  • Dthe ten hours of leisure time

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