Post Utme Achievers University 2017 Commerce Question 13

Practice objective / multiple choice question 13 from the 2017 Post Utme Achievers University Commerce examination.

Post Utme Achievers University 2017 Commerce Objective / Multiple Choice
Question 13 POST_UTME_ACHIEVERS_UNIVERSITY • 2017 • COMMERCE • objective

A consumer purchases a product with a price of ₦500. If the consumer has a budget of ₦1000, what is the consumer's opportunity cost of purchasing this product?

Answer Options

A. ₦200
Correct Answer B. ₦300
C. ₦400
D. ₦500
Correct Answer
B
Correct Option:
₦300

About This Question

This is Post Utme Achievers University 2017 Commerce Question 13. It is one of the objective questions from the 2017 Post Utme Achievers University Commerce examination.

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