Economics (AS & A Level) · May / June 2023 · Paper 11 · Question 2
9708Scarcity, choice and opportunity cost
A hospital management board decides to reallocate $800 000 from its $1.2m new buildings budget to spend on cancer care. What is the opportunity cost of this decision?
- Aa cost of $400 000
- Ba cost of $800 000
- Cthe cost of healthcare for cancer patients
- Dthe loss of some new buildings
As printed in the paper
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Correct answer: D. the loss of some new buildings
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