Sam wrote a list of how he would prefer to spend his Saturday afternoon. first choice go to a cricket match second choice watch the annual town parade third choice go to the cinema fourth choice visit relatives Unfortunately a thunderstorm caused the cricket match and the town parade to be cancelled. Sam went to the cinema. What was the opportunity cost of going to the cinema?

0455_w19_qp_11

MCQ

2019

Paper 1, Variant 1

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Sam wrote a list of how he would prefer to spend his Saturday afternoon. first choice go to a cricket match second choice watch the annual town parade third choice go to the cinema fourth choice visit relatives Unfortunately a thunderstorm caused the cricket match and the town parade to be cancelled. Sam went to the cinema. What was the opportunity cost of going to the cinema?

0455_w19_qp_12

MCQ

2019

Paper 1, Variant 2

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Sam wrote a list of how he would prefer to spend his Saturday afternoon. first choice go to a cricket match second choice watch the annual town parade third choice go to the cinema fourth choice visit relatives Unfortunately a thunderstorm caused the cricket match and the town parade to be cancelled. Sam went to the cinema. What was the opportunity cost of going to the cinema?

0455_w19_qp_13

MCQ

2019

Paper 1, Variant 3

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What is an opportunity cost for a consumer spending money on a holiday?

0455_w21_qp_12

MCQ

2021

Paper 1, Variant 2

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A hospital has spent all of its budget allocated for employing doctors. What is the opportunity cost to the hospital of employing an extra doctor?

0455_w23_qp_11

MCQ

2023

Paper 1, Variant 1

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What has an opportunity cost in consumption?

0455_w24_qp_11

MCQ

2024

Paper 1, Variant 1

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What is opportunity cost?

0455_w24_qp_12

MCQ

2024

Paper 1, Variant 2

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A government intends to build a new international airport in an area of outstanding natural beauty. What would be an external cost of this decision?

0455_w24_qp_12

MCQ

2024

Paper 1, Variant 2

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A farmer reduces the land used to grow wheat from 80 hectares to 60 hectares and increases the use of the land for growing potatoes from 80 to 100 hectares. What is the opportunity cost of this change?

0455_m19_qp_12

MCQ

2019

Paper 1, Variant 2

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The table shows the maximum production possibilities for goods and services for a country. goods (millions of units) services (millions of units) The country originally produced only goods but now produces 20 million units of services. The country continues to operate at maximum production possibility. What is the opportunity cost for this country?

0455_m21_qp_12

MCQ

2021

Paper 1, Variant 2

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