A-LevelEconomicsBasic Economic IdeasFeb/Mar 2019Paper 1 Q41 Mark
A student buys a flute for $80 but then is unable to learn to play it. It has a resale value of $50, while the shop retail price of the same type of flute has risen to $95. What is the present opportunity cost to the student of keeping the flute?
A$30
B$50
C$80
D$95
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of basic economic ideas within the Economicssyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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