Economics 0455 · IGCSE · Opportunity cost

Opportunity cost — practice question

What does opportunity cost mean for a consumer who spends money on a holiday?

  • Athe potential interest earned if the holiday money had been saved
  • Bthe price paid for an air ticket to the holiday destination
  • Cthe rubbish created during the holiday which affects the local community
  • Dthe satisfaction that the consumer gains from the holiday

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