Waec Model Questions Vol1 2024 Economics Question 19

Practice objective / multiple choice question 19 from the 2024 Waec Model Questions Vol1 Economics examination.

Waec Model Questions Vol1 2024 Economics Objective / Multiple Choice Easy Difficulty
Question 19 WAEC_MODEL_QUESTIONS_VOL1 • 2024 • ECONOMICS • objective

A farmer can use his land to produce either 10 bags of rice or 5 bags of beans with the same resources. What is the opportunity cost of producing one bag of rice in terms of beans?

Answer Options

Correct Answer A. 0.5
B. 5
C. 2
D. 0.2
Correct Answer
A
Correct Option:
0.5

About This Question

This is Waec Model Questions Vol1 2024 Economics Question 19. It is one of the objective questions from the 2024 Waec Model Questions Vol1 Economics examination.

Difficulty level: Easy .

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