Post Utme Eksu 2020 Economics Question 8

Practice objective / multiple choice question 8 from the 2020 Post Utme Eksu Economics examination.

Post Utme Eksu 2020 Economics Objective / Multiple Choice
Question 8 POST_UTME_EKSU • 2020 • ECONOMICS • objective

A farmer has 100 hectares of land and can grow either wheat or maize. The revenue from wheat is ₦100,000 per hectare, while the revenue from maize is ₦80,000 per hectare. If the opportunity \cost of growing maize is ₦20,000 per hectare, what is the opportunity \cost of growing wheat?

Answer Options

A. ₦20,000
Correct Answer B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Eksu 2020 Economics Question 8. It is one of the objective questions from the 2020 Post Utme Eksu Economics examination.

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