A ceramics producer has one kiln cycle available this week. It uses the cycle to fire roof tiles. The only other products it could realistically have produced are shown in the table.
| Product | Expected sales revenue | Production costs |
|---|---|---|
| Plant pots | £9,600 | £4,100 |
| Dinner plates | £11,400 | £6,600 |
Using calculations from the table, explain which rejected use of the kiln is the producer's opportunity cost.
77 exam-style questions on OCR GCSE Economics 1.2 The basic economic problem, covering 1.2.1 Scarce resources and unlimited wants, 1.2.2 The economic problem, 1.2.3 Opportunity cost, and 1.2.4 Costs and benefits of economic choices. Each one has a worked solution and a mark scheme showing where the marks go.