Post Utme Bowen University 2022 Economics Question 16

Practice objective / multiple choice question 16 from the 2022 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2022 Economics Objective / Multiple Choice
Question 16 POST_UTME_BOWEN_UNIVERSITY • 2022 • ECONOMICS • objective

The concept of opportunity \cost is closely related to the law of increa\sing opportunity \cost. Explain how the law of increa\sing opportunity \cost affects the production of a good with a fixed production techno\logy.

Answer Options

A. The law of increa\sing opportunity \cost leads to a decrease in the production of the good.
Correct Answer B. The law of increa\sing opportunity \cost leads to an increase in the production of the good.
C. The law of increa\sing opportunity \cost has no effect on the production of the good.
D. The law of increa\sing opportunity \cost leads to a shift in the production possibility frontier.
Correct Answer
B
Correct Option:
The law of increa\sing opportunity \cost leads to an increase in the production of the good.

About This Question

This is Post Utme Bowen University 2022 Economics Question 16. It is one of the objective questions from the 2022 Post Utme Bowen University Economics examination.

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