1.3.1.3c - link between scarcity and opportunity cost
- Syllabus
- 2018
- Objective
- 1.3.1.3
- Level
- AS
The link between scarcity and opportunity cost.
Use c - link between scarcity and opportunity cost to connect the rule to the data and decision in the question.
This matters because c - link between scarcity and opportunity cost determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.
Example: apply c - link between scarcity and opportunity cost to one small, clearly defined case, show the key step or comparison, and explain the result in words.
Boundary: c - link between scarcity and opportunity cost is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.