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Economics · May / June 2016 · Paper 11 · Question 3

2281Opportunity cost

The diagram shows the choices for an individual between leisure and earnings. What is the opportunity cost to the individual of the extra earnings when moving from position X to position Y?

  1. A$10
  2. B$40
  3. C3 hours of leisure per day
  4. D9 hours of leisure per day

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Correct answer: C. 3 hours of leisure per day

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