Post Utme Covenant University 2018 Economics Question 19
Practice objective / multiple choice question 19 from the 2018 Post Utme Covenant University Economics examination.
Consider a simple economy with two goods, X and Y. The production possibility frontier (PPF) for this economy is given by the equation XY = 100. If the economy currently produces 20 units of good X and 5 units of good Y, what is the opportunity \cost of producing one more unit of good X?
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About This Question
This is Post Utme Covenant University 2018 Economics Question 19. It is one of the objective questions from the 2018 Post Utme Covenant University Economics examination.
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