Post Utme Achievers University 2024 Economics Question 7

Practice objective / multiple choice question 7 from the 2024 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2024 Economics Objective / Multiple Choice
Question 7 POST_UTME_ACHIEVERS_UNIVERSITY • 2024 • ECONOMICS • objective
Post Utme Achievers University 2024 Economics Question 7 diagram

The following diagram shows a production possibility frontier (PPF) for a country that produces only two goods, A and B. If the country decides to produce more of good A, the opportunity \cost of producing good A is:

Answer Options

Correct Answer A. The amount of good B that must be given up to produce one more unit of good A
B. The amount of good A that must be given up to produce one more unit of good B
C. The total amount of goods A and B that can be produced
D. The total amount of resources available to produce goods A and B
Correct Answer
A
Correct Option:
The amount of good B that must be given up to produce one more unit of good A

About This Question

This is Post Utme Achievers University 2024 Economics Question 7. It is one of the objective questions from the 2024 Post Utme Achievers University Economics examination.

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