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Economics · May / June 2016 · Paper 12 · Question 2

2281Opportunity cost

The diagram shows the choices for an individual between leisure and earnings. The person decides to take a job that gives more leisure time. What is the opportunity cost to the individual of moving from position Y to position X?

  1. A$20
  2. B$80
  3. C4 hours of leisure per day
  4. D12 hours of leisure per day

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Correct answer: A. $20

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