Economics 0455 · IGCSE · Workers

Workers — practice question

A person does his work at home producing table cloths. He works for 6 hours per day and produces 15 table cloths each hour. He sells each one for $\$10$. He then chooses to work for just 4 hours per day. What can be concluded from the information above?

  • AThe lost profit would be $\$300$.
  • BThe lost revenue would be $\$60$.
  • CThe daily opportunity cost would be 30 table cloths.
  • DThe daily opportunity cost would be $\$50$.

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