Post Utme Crawford University 2024 Economics Question 35

Practice objective / multiple choice question 35 from the 2024 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2024 Economics Objective / Multiple Choice
Question 35 POST_UTME_CRAWFORD_UNIVERSITY • 2024 • ECONOMICS • objective

The following diagram shows the production function for a firm. If the firm is currently producing 10 units of output, and if the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, then the opportunity \cost of producing one more unit of output is

Answer Options

A. ₦50
B. ₦100
Correct Answer C. ₦200
D. ₦300
Correct Answer
C
Correct Option:
₦200

About This Question

This is Post Utme Crawford University 2024 Economics Question 35. It is one of the objective questions from the 2024 Post Utme Crawford University Economics examination.

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