Post Utme Christopher University 2025 Economics Question 21

Practice objective / multiple choice question 21 from the 2025 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2025 Economics Objective / Multiple Choice
Question 21 POST_UTME_CHRISTOPHER_UNIVERSITY • 2025 • ECONOMICS • objective

A firm's opportunity \cost is the value of the next best alternative that is given up when a choice is made. What is the primary implication of a firm's opportunity \cost on its production decisions?

Answer Options

A. The firm will produce at the point where the opportunity \cost is minimized.
B. The firm will produce at the point where the opportunity \cost is maximized.
C. The firm will produce at the point where the opportunity \cost is equal to the marginal revenue.
Correct Answer D. The firm will produce at the point where the opportunity \cost is equal to the marginal \cost.
Correct Answer
D
Correct Option:
The firm will produce at the point where the opportunity \cost is equal to the marginal \cost.

About This Question

This is Post Utme Christopher University 2025 Economics Question 21. It is one of the objective questions from the 2025 Post Utme Christopher University Economics examination.

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