Economics · May / June 2021 · Paper 11 · Question 2

A builder spends one hour travelling to and from work. He works 40 hours per week for $200. He is given a choice to work 50 hours a week for an extra $75. What would be the opportunity cost to the builder of working the extra hours?

1. Athe ability to increase his purchasing power
2. Bthe additional time travelling to and from work
3. Cthe increased hourly earnings of $7.50
4. Dthe ten hours of leisure time

As printed in the paper