Waec Model Questions Vol1 2017 Economics Question 22

Practice objective / multiple choice question 22 from the 2017 Waec Model Questions Vol1 Economics examination.

Waec Model Questions Vol1 2017 Economics Objective / Multiple Choice Easy Difficulty
Question 22 WAEC_MODEL_QUESTIONS_VOL1 • 2017 • ECONOMICS • objective

A farmer has one hectare of land that can be used either to grow maize or beans. If he grows maize, he can earn ₦120,000; if he grows beans, he can earn ₦90,000. What is the opportunity cost of choosing to grow maize?

Answer Options

A. ₦30,000
B. ₦120,000
Correct Answer C. ₦90,000
D. ₦150,000
Correct Answer
C
Correct Option:
₦90,000

About This Question

This is Waec Model Questions Vol1 2017 Economics Question 22. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Economics examination.

Difficulty level: Easy .

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