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ZIMSEC O-Level Economics

6.1.2Opportunity cost

Opportunity cost in ZIMSEC O-Level 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. 6.1.2.1Form 3: explain opportunity cost and apply it to choices made by individuals, firms and government.

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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