Post Utme Covenant University 2025 Economics Question 36

Practice objective / multiple choice question 36 from the 2025 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2025 Economics Objective / Multiple Choice
Question 36 POST_UTME_COVENANT_UNIVERSITY • 2025 • ECONOMICS • objective

The concept of opportunity \cost is related to the idea of scarcity in economics. What is the opportunity \cost of choo\sing to produce more of one good over another?

Answer Options

A. The \cost of producing the alternative good
Correct Answer B. The \cost of not producing the alternative good
C. The \cost of producing the chosen good
D. The \cost of not producing the chosen good
Correct Answer
B
Correct Option:
The \cost of not producing the alternative good

About This Question

This is Post Utme Covenant University 2025 Economics Question 36. It is one of the objective questions from the 2025 Post Utme Covenant University Economics examination.

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