Economics 2281 · O Level · Opportunity cost

Opportunity cost — practice question

A firm is choosing between producing good X and good Y over the next five years. The forecast revenue for good X is $20000 per year, while for good Y it is $18000 per year. What is the opportunity cost of producing good X?

  • A$18000
  • B$20000
  • C$90000
  • D$100000

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