Economics · Oct / Nov 2019 · Paper 12 · Question 3
2281Opportunity cost
Sam wrote a list of how he would prefer to spend his Saturday afternoon. | first choice | go to a cricket match | | second choice | watch the annual town parade | | third choice | go to the cinema | | fourth choice | visit relatives | Unfortunately a thunderstorm caused the cricket match and the town parade to be 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
As printed in the paper
Show the answer
Correct answer: C. visiting relatives
Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.