Cameroon GCE O-Level Economics Practice Questions - Cameroon General Certificate Of Education Ordinary Level - Economics (Subject Code 0525) Exam

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A consumer has 5,000 FCFA and lists four wants in order of importance: Textbooks (5,000 FCFA), Shoes (5,000 FCFA), Wristwatch (5,000 FCFA), and Radio (5,000 FCFA). If the consumer buys the Textbooks, what is the opportunity cost of this decision?

Shoes only 5,000 FCFA in cash Shoes, Wristwatch, and Radio combined The utility derived from studying the Textbooks

Correct Answer:

Shoes only

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