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Cambridge IGCSE Economics

1.3Opportunity cost

Opportunity cost in Cambridge IGCSE Economics: what the syllabus expects you to know, the learning objectives and how to practise.
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Learning objectives

What the syllabus expects you to be able to do.

  1. 1.3.1Define opportunity cost and give examples in different contexts.
  2. 1.3.2Explain how opportunity cost influences the decisions of consumers, workers, firms and governments.

Lessons

  • Opportunity cost

    25 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

Opportunity cost: sample question

1 mark

Thandeka has US$10. In order of preference she would like a novel, a T-shirt, a meal out and a phone cover. She buys the novel. What is the opportunity cost of her choice?

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