Post Utme Aaua 2017 Economics Question 34

Practice objective / multiple choice question 34 from the 2017 Post Utme Aaua Economics examination.

Post Utme Aaua 2017 Economics Objective / Multiple Choice
Question 34 POST_UTME_AAUA • 2017 • ECONOMICS • objective

A consumer has a budget of ₦1,000 and faces the following prices: Q1 = ₦100, Q2 = ₦200, Q3 = ₦300. If the consumer buys 2 units of Q1, 1 unit of Q2, and 1 unit of Q3, what is the opportunity \cost of buying 1 more unit of Q2?

Answer Options

Correct Answer A. ₦100
B. ₦200
C. ₦300
D. ₦400
Correct Answer
A
Correct Option:
₦100

About This Question

This is Post Utme Aaua 2017 Economics Question 34. It is one of the objective questions from the 2017 Post Utme Aaua Economics examination.

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