A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · Feb/Mar 2016 · Q11 Mark
An individual has an appointment with his bank manager. He has a choice between travelling to the appointment by car, or leaving the car at home and travelling by bus and then by train. The costs of the journey are given below. $ bus fare 2 train fare 3 car parking charge 4 petrol 2 car wear and tear costs 1 Given this information, what is the opportunity cost to the individual of travelling by car rather than by bus and train?
A$2
B$4
C$7
D$12
✓ Correct answer
A: $2
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