A farmer can produce either 100 kg of wheat or 50 kg of rice using the same land and labour. If the farmer chooses to produce wheat, what is the opportunity cost?

Q: How do I try a free CIE Economics question?

Just tap any of the four options on this page — no signup, no card, nothing to install. You'll see the correct answer and a full mark-scheme-style explanation within a second. Each visit shows a fresh randomly-picked question from the live CIE IGCSE Economics bank, so you can keep refreshing to try different ones before deciding whether to create a free account for daily access.

Q: Is Kramizo really free for CIE Economics students?

Yes — completely free. Every student gets 45 questions a day on the free plan, across any board and any subject, with no card required and no trial countdown. Kramizo's optional Pro plan removes the daily cap and adds analytics, but the free plan is genuinely free forever. We make money from the small percentage of students who choose to upgrade — not from selling data or ads.

Q: Are the Economics questions aligned to the CIE IGCSE syllabus?

Every question is written against the published CIE IGCSE Economics syllabus and reviewed for accuracy before being added to the bank. We match the command words (state, describe, explain, evaluate), mark allocations, and difficulty tier you'll see on real CIE past papers. Explanations are written in the style of official examiner mark schemes so students learn exactly what marks are being awarded for.

Question

A farmer can produce either 100 kg of wheat or 50 kg of rice using the same land and labour. If the farmer chooses to produce wheat, what is the opportunity cost?

Accepted Answer

The 50 kg of rice that could have been produced instead — Opportunity cost is the next best alternative forgone when a choice is made. By choosing wheat, the farmer gives up 50 kg of rice — this is the opportunity cost. Option A refers to financial input costs, not opportunity cost. Option B refers to profit forgone from wheat itself, which is not the alternative. Option D is the value of the chosen option, not the foregone one.

Answer

The total value of 100 kg of wheat produced

Answer

The 50 kg of rice that could have been produced instead

Answer

The cost of buying seeds and fertiliser for wheat

Answer

The profit lost from not selling the wheat

One real Economics question.No signup. 30 seconds.

One real Economics question.
No signup. 30 seconds.