Economics 2281 · O Level · Opportunity cost

Opportunity cost — practice question

A builder takes one hour in total to travel to and from his job. He works $40$ hours each week for $\$200$. He is offered the option of working $50$ hours a week for an additional $\$75$. What is the opportunity cost to the builder of doing the extra hours?

  • Athe ability to increase his purchasing power
  • Bthe additional time travelling to and from work
  • Cthe increased hourly earnings of $\$7.50$
  • Dthe ten hours of leisure time

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI