Economics 0455 · IGCSE · Opportunity cost

Opportunity cost — practice question

A hospital has used up every part of the budget it set aside for hiring doctors. What is the opportunity cost to the hospital of hiring one additional doctor?

  • Aa reduction in the number of nurses employed
  • Ban improvement in the recovery rate of patients
  • Can increase in the number of patients treated
  • Dthe salary paid to the extra doctor

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