Post Utme Eksu 2017 Geography Question 14

Practice objective / multiple choice question 14 from the 2017 Post Utme Eksu Geography examination.

Post Utme Eksu 2017 Geography Objective / Multiple Choice
Question 14 POST_UTME_EKSU • 2017 • GEOGRAPHY • objective

A company is considering investing in a new project that involves the extraction of a mineral resource. The company's goal is to maximize its profits. Which of the following economic principles is most relevant to this decision?

Answer Options

Correct Answer A. Opportunity Cost
B. Scarcity
C. Supply and Demand
D. Economies of Scale
Correct Answer
A
Correct Option:
Opportunity Cost

About This Question

This is Post Utme Eksu 2017 Geography Question 14. It is one of the objective questions from the 2017 Post Utme Eksu Geography examination.

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