Economics (AS & A Level) · May / June 2024 · Paper 11 · Question 1
9708Scarcity, choice and opportunity cost
A worker earns $40 per hour. Rather than work, she decides to visit a museum for three hours. The visit costs a total of $40. What is the opportunity cost of visiting the museum?
- A$40
- B$80
- C$120
- D$160
As printed in the paper
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Correct answer: C. $120
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