Post Utme Bells University 2021 Geography Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Bells University Geography examination.

Post Utme Bells University 2021 Geography Objective / Multiple Choice

Question 34 POST_UTME_BELLS_UNIVERSITY • 2021 • GEOGRAPHY • objective

The economic concept of 'opportunity cost' refers to the:

Answer Options

A. Maximum benefit that can be obtained from a resource

B. Minimum cost of producing a good or service

Correct Answer C. Benefit that could have been obtained from an alternative use of resources

D. Cost of producing a good or service

Correct Answer

Correct Option:

Benefit that could have been obtained from an alternative use of resources

About This Question

This is Post Utme Bells University 2021 Geography Question 34. It is one of the objective questions from the 2021 Post Utme Bells University Geography examination.

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