Economics 2281 · O Level · Opportunity cost

Opportunity cost — practice question

The diagram illustrates the options available to an individual in terms of leisure and earnings. The person chooses a job that allows more leisure time. What is the opportunity cost for the individual when moving from position Y to position X?

  • A$20
  • B$80
  • C4 hours of leisure per day
  • D12 hours of leisure per day

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