Economics · May / June 2024 · Paper 12 · Question 2
2281Opportunity cost
A student decides to take up a two-year apprenticeship for which she will earn $10 000 per year. After that, she expects to earn $25 000 per year. She could take an unskilled job which pays $16 000 per year instead of the apprenticeship. What is the opportunity cost in the two years of completing the apprenticeship?
- A$10 000
- B$12 000
- C$25 000
- D$32 000
As printed in the paper
Show the answer
Correct answer: B. $12 000
Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.