Waec Model Questions Vol1 2017 Economics Question 3

Practice objective / multiple choice question 3 from the 2017 Waec Model Questions Vol1 Economics examination.

Waec Model Questions Vol1 2017 Economics Objective / Multiple Choice Easy Difficulty
Question 3 WAEC_MODEL_QUESTIONS_VOL1 • 2017 • ECONOMICS • objective

A farmer can use his land and labour to produce either 100 kg of rice or, alternatively, 50 kg of beans. If he decides to produce rice, what is the opportunity cost of producing one kilogram of rice in terms of beans?

Answer Options

A. 2
B. 0.25
C. 1
Correct Answer D. 0.5
Correct Answer
D
Correct Option:
0.5

About This Question

This is Waec Model Questions Vol1 2017 Economics Question 3. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Economics examination.

Difficulty level: Easy .

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