Post Utme Covenant University 2024 Economics Question 17
Practice objective / multiple choice question 17 from the 2024 Post Utme Covenant University Economics examination.
A farmer in Nigeria is considering whether to plant maize or yams on his 10-hectare farm. The expected yield of maize is 2 tons per hectare, while the expected yield of yams is 1.5 tons per hectare. If the price of maize is ₦50 per ton and the price of yams is ₦40 per ton, what is the opportunity \cost of planting yams instead of maize?
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About This Question
This is Post Utme Covenant University 2024 Economics Question 17. It is one of the objective questions from the 2024 Post Utme Covenant University Economics examination.
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