Economics 0455 · IGCSE · Opportunity cost

Opportunity cost — practice question

A firm must choose whether to make good X or good Y over the next five years. The forecast revenue for good X is $\$20000$ per year, whereas for good Y it is $\$18000$ per year. What is the opportunity cost of producing good X?

  • A$\$18000$
  • B$\$20000$
  • C$\$90000$
  • D$\$100000$

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