Post Utme Christopher University 2022 Economics Question 6
Practice objective / multiple choice question 6 from the 2022 Post Utme Christopher University Economics examination.
An economy is characterized by scarcity, which implies that the opportunity \cost of any action is the value of the next best alternative foregone. If a farmer allocates 100 hectares of land to grow maize, and the opportunity \cost of growing maize is ₦10,000 per hectare, what is the total opportunity \cost of growing maize on 100 hectares of land?
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This is Post Utme Christopher University 2022 Economics Question 6. It is one of the objective questions from the 2022 Post Utme Christopher University Economics examination.
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