Post Utme Aaua 2018 Economics Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Aaua Economics examination.

Post Utme Aaua 2018 Economics Objective / Multiple Choice
Question 16 POST_UTME_AAUA • 2018 • ECONOMICS • objective

The opportunity \cost of producing one more unit of a good is the value of the next best alternative that is given up. This concept is closely related to the law of increa\sing opportunity \cost. Which of the following best describes the law of increa\sing opportunity \cost?

Answer Options

A. As the quantity of a good increases, the opportunity \cost of producing one more unit decreases.
Correct Answer B. As the quantity of a good increases, the opportunity \cost of producing one more unit increases.
C. The opportunity \cost of producing one more unit is cons\tant regardless of the quantity produced.
D. The opportunity \cost of producing one more unit is zero when the quantity produced is zero.
Correct Answer
B
Correct Option:
As the quantity of a good increases, the opportunity \cost of producing one more unit increases.

About This Question

This is Post Utme Aaua 2018 Economics Question 16. It is one of the objective questions from the 2018 Post Utme Aaua Economics examination.

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