O-LevelEconomicsThe basic economic problem2281/12 · May/June 2016 · Q21 Mark
The diagram shows the choices for an individual between leisure and earnings. [Figure 2.1] The person decides to take a job that gives more leisure time. What is the opportunity cost to the individual of moving from position Y to position X?
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
A$20
B$80
C4 hours of leisure per day
D12 hours of leisure per day
✓ Correct answer
A: $20
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