O-LevelEconomicsThe basic economic problem2281/11 · May/June 2016 · Q31 Mark

The diagram shows the choices for an individual between leisure and earnings. [Figure 3.1] What is the opportunity cost to the individual of the extra earnings when moving from position X to position Y?

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A$10

B$40

C3 hours of leisure per day

D9 hours of leisure per day

✓ Correct answer

C: 3 hours of leisure per day

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Topic: The basic economic problem, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2016 Paper 1 Variant 1, question 3.

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