Economics 2281 · O Level · Opportunity cost

Opportunity cost — practice question

Sam made a list showing how he would like to spend his Saturday afternoon. first choice: attend a cricket match second choice: see the annual town parade third choice: go to the cinema fourth choice: pay a visit to relatives Sadly, a thunderstorm led to both the cricket match and the town parade being cancelled. Sam went to the cinema. What was the opportunity cost of going to the cinema?

  • Agoing to a cricket match
  • Bwatching the annual town parade
  • Cvisiting relatives
  • Dlosing his Saturday free time

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