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Opportunity cost

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Question 1

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

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

A

£800\pounds 800£800

B

£1,100\pounds 1,100£1,100

C

£1,900\pounds 1,900£1,900

D

£300\pounds 300£300

Markscheme

Opportunity cost Questions

  1. A Level
  2. /Economics
  3. /Opportunity cost

10 exam-style questions on OCR A Level Economics Opportunity cost. Each one has a worked solution and a mark scheme showing where the marks go.

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