Post Utme Crawford University 2023 Economics Question 6

Practice objective / multiple choice question 6 from the 2023 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2023 Economics Objective / Multiple Choice

Question 6 POST_UTME_CRAWFORD_UNIVERSITY • 2023 • ECONOMICS • objective

The concept of scarcity in economics implies that the production of one good is at the expense of another good. What is the opportunity \cost of producing more of a particular good?

Answer Options

Correct Answer A. The \cost of producing the alternative good

B. The value of the alternative good

C. The \cost of producing the particular good

D. The value of the particular good

Correct Answer

Correct Option:

The \cost of producing the alternative good

About This Question

This is Post Utme Crawford University 2023 Economics Question 6. It is one of the objective questions from the 2023 Post Utme Crawford University Economics examination.

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