Introduction to Microeconomics

A freelance graphic designer has a spare weekend and can accept only one of three mutually exclusive freelance contracts:

Designing a logo for Company X, which pays a net return of $£800\pounds 800$
Designing a website for Company Y, which pays a net return of $£1,400\pounds 1,400$
Designing a marketing campaign for Company Z, which pays a net return of $\pounds 1,100\,$

If the designer chooses to undertake the contract for Company Y, what is the opportunity cost of this decision?

$£800\pounds 800$

$£1,100\pounds 1,100$

$£1,900\pounds 1,900$

$£300\pounds 300$

Introduction to Microeconomics Questions

A freelance graphic designer has a spare weekend and can accept only one of three mutually exclusive freelance contracts:

Designing a logo for Company X, which pays a net return of $£800\pounds 800$
Designing a website for Company Y, which pays a net return of $£1,400\pounds 1,400$
Designing a marketing campaign for Company Z, which pays a net return of $\pounds 1,100\,$

If the designer chooses to undertake the contract for Company Y, what is the opportunity cost of this decision?

$£800\pounds 800$

$£1,100\pounds 1,100$

$£1,900\pounds 1,900$

$£300\pounds 300$