Hkcee 2010 Econ Paper 2 Q2 ((install)) May 2026

The answer to the HKCEE 2010 Economics Paper 2 (Multiple Choice) Question 2 Question Text Which of the following would lead to an increase in the opportunity cost of using a self-owned shop for running a business? A decrease in the market rent of the shop. An increase in the decoration expenses of the shop. An increase in the business profit. An increase in the market rent of the shop. Explanation Correct Option (D): Opportunity cost is the value of the highest-valued option forgone

Because of scarcity, individuals must make choices, which inevitably involves an opportunity cost. Common Distractors in Paper 2 hkcee 2010 econ paper 2 q2

Since the HKCEE curriculum ended in 2012, this question is categorized under the old syllabus. It typically tests basic economic concepts such as definitions, the production possibility curve (PPC), or basic calculation. The answer to the HKCEE 2010 Economics Paper

For Question 2 of the 2010 HKCEE Economics Paper 2, students were likely asked to demonstrate their understanding of economic concepts and apply them to real-life scenarios. An increase in the business profit

For inelastic demand, price rise increases total revenue because the percentage drop in quantity is smaller than the percentage rise in price.

Workers do not need to switch between different tasks (e.g., moving from the dressing room to the cash register). This saves time previously lost to switching tools or locations. (Alternative: Selection according to ability) CSEC June 2010 - Economics - Paper 02 | PDF - Scribd