Thai Sikh International School
E-Learning Programme – Online
Assignment – 24/09/2015
Name
: Subject : Economics
Year : 9 Schedule
No. : 2
Activity 1
In each of the
following cases, consider what might be the opportunity cost.
a.
A
person wanting to buy fruit decides to buy apples.
b.
A
person decides to study economics at a university.
c.
A
factory is built on farm land.
d.
A
woman has a television set which cost her $800 two years ago. A set would cost
her $1,000 and she could sell her television set for $450. What is the opportunity cost of keeping the
old television?
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Activity 2. Explain
the uses of opportunity cost to consumers, producers and the government.
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