Hkcee 2010 Econ Paper 2 Q2 Jun 2026

(d) Two Advantages of Division of Labour in Fashion Industry (4 marks) Increased Productivity/Speed:

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 hkcee 2010 econ paper 2 q2

: Opportunity cost is not just about the money paid; it includes the value of the time and the next best alternative. Even if two people pay the same price for a ticket, their opportunity costs differ if their next best way to spend that time has different values. (d) Two Advantages of Division of Labour in