Post Utme Al Hikmah University 2023 Commerce Question 9

Practice objective / multiple choice question 9 from the 2023 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2023 Commerce Objective / Multiple Choice
Question 9 POST_UTME_AL-HIKMAH_UNIVERSITY • 2023 • COMMERCE • objective

A consumer is considering the purchase of a product that costs ₦500. The consumer has a budget of ₦1000 and has already spent ₦300 on other products. What is the opportunity cost of purchasing the 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 Al Hikmah University 2023 Commerce Question 9. It is one of the objective questions from the 2023 Post Utme Al Hikmah University Commerce examination.

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