Post Utme Bells University 2021 Economics Question 26

Practice objective / multiple choice question 26 from the 2021 Post Utme Bells University Economics examination.

Post Utme Bells University 2021 Economics Objective / Multiple Choice

Question 26 POST_UTME_BELLS_UNIVERSITY • 2021 • ECONOMICS • objective

The concept of scarcity implies that the production of one good is at the expense of another. What is the opportunity \cost of producing more of a particular good?

Answer Options

Correct Answer A. The value of the next best alternative good

B. The price of the good being produced

C. The quantity of the good being produced

D. The income of the consumer

Correct Answer

Correct Option:

The value of the next best alternative good

About This Question

This is Post Utme Bells University 2021 Economics Question 26. It is one of the objective questions from the 2021 Post Utme Bells University Economics examination.

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