Economics 0455 · IGCSE · Opportunity cost

Opportunity cost — practice question

A woman makes small cakes at home. She is able to produce 30 cakes per hour and works for four hours each day. The ingredients cost $50 in total and each cake is sold for $2. What is the opportunity cost if she uses one working day for a holiday?

  • A$50
  • B$240
  • C30 cakes
  • D120 cakes

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