Economics · Oct / Nov 2024 · Paper 13 · 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?
- A$10
- B$40
- C3 hours of leisure per day
- D6 hours of leisure per day
As printed in the paper
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Correct answer: C. 3 hours of leisure per day
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