May/June 2026 Paper 12

2026 · 30 questions · 30 parts · 30 marks

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3Scarcity Choice Opportunity CostMedium1 mark
The diagram shows the choices for an individual between leisure and earnings.
straight-line graph of choices between leisure and earnings, hours of leisure per day on the vertical axis (0 to 24) and earnings in dollars on the horizontal axis (0 to 120), sloping down from 24 hours at $0 to 0 hours at $120, with point X at 12 hours and $60 and point Y at 8 hours and $80
The person decides to take a job that gives more leisure time. What is the opportunity cost to the individual of moving from position Y to position X?