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Economics (AS & A Level) · Oct / Nov 2023 · Paper 13 · Question 3

9708Scarcity, choice and opportunity cost

The table shows different combinations of rings and bracelets that can be produced by Luke and Zoe in the same time period. Which statement is not correct?

  1. ALuke has a larger opportunity cost than Zoe for making bracelets.
  2. BThe opportunity cost of producing rings is constant for both Luke and Zoe.
  3. CZoe should specialise in making rings.
  4. DZoe's opportunity cost for each bracelet is 2 rings.

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Correct answer: D. Zoe's opportunity cost for each bracelet is 2 rings.

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