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1.2 The basic economic problem

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Question 26

A student spends Saturday working for £60 instead of attending a free music festival they value at £45. Ignoring other costs, what is the opportunity cost of working?

[1]
A

£15

B

£45

C

£60

D

£105

Markscheme

1.2 The basic economic problem Questions

  1. GCSE
  2. /Economics
  3. /1.2 The basic economic problem

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.

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