Economics 0455 · IGCSE · Opportunity cost

Opportunity cost — practice question

Sam made a ranked list showing how he would like to spend his Saturday afternoon. 1st option: attend a cricket match 2nd option: watch the yearly town parade 3rd option: go to the cinema 4th option: pay a visit to relatives Sadly, a thunderstorm led to the cricket match and the town parade being cancelled. Sam chose to go to the cinema. What opportunity cost did Sam incur by going to the cinema?

  • Agoing to a cricket match
  • Bwatching the annual town parade
  • Cvisiting relatives
  • Dlosing his Saturday free time

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