Post Utme Abu 2023 Economics Question 19

Practice objective / multiple choice question 19 from the 2023 Post Utme Abu Economics examination.

Post Utme Abu 2023 Economics Objective / Multiple Choice
Question 19 POST_UTME_ABU • 2023 • ECONOMICS • objective

A consumer is faced with a choice between two goods: a smartphone and a laptop. The consumer has a budget of ₦100,000 and the prices of the smartphone and laptop are ₦80,000 and ₦60,000, respectively. What is the opportunity \cost of purcha\sing the smartphone?

Answer Options

A. ₦20,000
Correct Answer B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Abu 2023 Economics Question 19. It is one of the objective questions from the 2023 Post Utme Abu Economics examination.

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