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Exam-style practice

Opportunity cost answer explanations

Review worked answers and explanations for Opportunity cost. Aligned to Cambridge IGCSE Economics.

Answer explanations

Question 1 of 4

Review the answer support, then move sideways through the set.

Paper 2 structured question: Opportunity cost

Paper 2Structured Questions1 marks

Description

Opportunity Cost Scenario

The student must decide between purchasing a laptop for school or using the money for a vacation. If the student chooses the laptop, they will miss out on the vacation experience.

  1. a

    State the opportunity cost of buying the laptop.

    [1]