O-LevelEconomicsThe basic economic problem2281/11 · May/June 2015 · Q41 Mark

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?

A$2

B$40

C20 sandwiches

D100 sandwiches

✓ Correct answer

D: 100 sandwiches

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Topic: The basic economic problem, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2015 Paper 1 Variant 1, question 4.

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