O-LevelEconomicsThe basic economic problem2281/11 · May/June 2021 · Q21 Mark
A builder spends one hour travelling to and from work. He works 40 hours per week for $200. He is given a choice to work 50 hours a week for an extra $75. What would be the opportunity cost to the builder of working the extra hours?
Athe ability to increase his purchasing power
Bthe additional time travelling to and from work
Cthe increased hourly earnings of $7.50
Dthe ten hours of leisure time
✓ Correct answer
D: the ten hours of leisure time
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