Post Utme Bells University 2024 Economics Question 2

Practice objective / multiple choice question 2 from the 2024 Post Utme Bells University Economics examination.

Post Utme Bells University 2024 Economics Objective / Multiple Choice
Question 2 POST_UTME_BELLS_UNIVERSITY • 2024 • ECONOMICS • objective

A farmer has 100 hectares of land and can produce 200 units of wheat per hectare. If the price of wheat is ₦200 per unit, what is the opportunity \cost of producing wheat?

Answer Options

A. ₦40,000
Correct Answer B. ₦80,000
C. ₦120,000
D. ₦160,000
Correct Answer
B
Correct Option:
₦80,000

About This Question

This is Post Utme Bells University 2024 Economics Question 2. It is one of the objective questions from the 2024 Post Utme Bells University Economics examination.

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