Post Utme Aaua 2017 Commerce Question 28

Practice objective / multiple choice question 28 from the 2017 Post Utme Aaua Commerce examination.

Post Utme Aaua 2017 Commerce Objective / Multiple Choice

Question 28 POST_UTME_AAUA • 2017 • COMMERCE • objective

The concept of 'Opportunity Cost' refers to the value of the next best alternative that is given up when a choice is made. Which of the following is an example of opportunity cost?

A. The cost of producing a good

B. The cost of transporting a good

C. The cost of storing a good

Correct Answer D. The cost of giving up a good

Correct Answer

Correct Option:

The cost of giving up a good

This is Post Utme Aaua 2017 Commerce Question 28. It is one of the objective questions from the 2017 Post Utme Aaua Commerce examination.

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