Subsection 1.3. Opportunity cost for Economics, IGCSE - revisedeck

1.3. Opportunity cost

A subsection of Economics, 0455, through 1. The basic economic problem

Listing 10 of 62 questions

A firm decides to stop manufacturing ovens and to produce washing machines instead. What is the opportunity cost to the firm?

0455_s11_qp_13

MCQ

2011

Paper 1, Variant 3

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A student leaves school and decides to spend the next two years at a college to improve her qualifications. What is the opportunity cost to the student of taking this decision?

0455_s12_qp_11

MCQ

2012

Paper 1, Variant 1

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A student leaves school and decides to spend the next two years at a college to improve her qualifications. What is the opportunity cost to the student of taking this decision?

0455_s12_qp_12

MCQ

2012

Paper 1, Variant 2

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A student leaves school and decides to spend the next two years at a college to improve her qualifications. What is the opportunity cost to the student of taking this decision?

0455_s12_qp_13

MCQ

2012

Paper 1, Variant 3

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A power station was built to provide electricity to rural villages in Namibia. What was its opportunity cost?

0455_s14_qp_11

MCQ

2014

Paper 1, Variant 1

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A power station was built to provide electricity to rural villages in Namibia. What was its opportunity cost?

0455_s14_qp_13

MCQ

2014

Paper 1, Variant 3

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A person makes sandwiches at home for five hours each day. She makes 20 sandwiches per hour, and she sells each sandwich for $2 each. What is the opportunity cost if she takes a holiday on a working day?

0455_s15_qp_11

MCQ

2015

Paper 1, Variant 1

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A person makes sandwiches at home for five hours each day. She makes 20 sandwiches per hour, and she sells each sandwich for $2 each. What is the opportunity cost if she takes a holiday on a working day?

0455_s15_qp_12

MCQ

2015

Paper 1, Variant 2

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A person makes sandwiches at home for five hours each day. She makes 20 sandwiches per hour, and she sells each sandwich for $2 each. What is the opportunity cost if she takes a holiday on a working day?

0455_s15_qp_13

MCQ

2015

Paper 1, Variant 3

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The diagram shows the choices for an individual between leisure and earnings. earnings $ hours of leisure per day X Y What is the opportunity cost to the individual of the extra earnings when moving from position X to position Y?

0455_s16_qp_11

MCQ

2016

Paper 1, Variant 1

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Questions Discovered

62