Rina runs a local radio station with one Saturday afternoon broadcast slot. The station decides to broadcast a live interview in that slot. Table 1 shows the estimated audience benefit of the other programmes it could broadcast instead.
| Programme | Estimated audience benefit (thousands of listeners) |
|---|---|
| Local-history documentary | 26 |
| Sports discussion | 19 |
| Music request programme | 11 |
Before the schedule is finalised, the makers of the local-history documentary withdraw it, so it can no longer be broadcast in that slot. The station still chooses the live interview.
Explain which programme is the opportunity cost of choosing the live interview, and how the opportunity cost changes once the local-history documentary can no longer be broadcast.
81 exam-style questions on AQA GCSE Economics 1.1 Economic foundations, covering 1.1.1a Needs and wants, 1.1.1b The central purpose of economic activity, 1.1.1c Key economic decisions, 1.1.1d The main economic groups, 1.1.2a The nature of an economic resource, 1.1.2b The four factors of production, 1.1.3a The basic economic problem and making choices, and 1.1.3b Opportunity cost. Each one has a worked solution and a mark scheme showing where the marks go.