Economics 0455 · IGCSE · Opportunity cost

Opportunity cost — practice question

A woman makes small cakes from home. In one hour, she can produce 30 cakes, and she works for four hours each day. The ingredients cost a total of $\$50$, and each cake is sold for $\$2$. What is the opportunity cost if she chooses to take a working day as a holiday?

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

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