Post Utme Eksu 2022 Economics Question 5

Practice objective / multiple choice question 5 from the 2022 Post Utme Eksu Economics examination.

Post Utme Eksu 2022 Economics Objective / Multiple Choice
Question 5 POST_UTME_EKSU • 2022 • ECONOMICS • objective

The concept of opportunity \cost is related to the idea that the production of one good is limited by the availability of resources, which can be allocated to the production of another good. Which of the following is an example of an opportunity \cost?

Answer Options

A. The \cost of producing a good
B. The \cost of not producing a good
Correct Answer C. The \cost of producing one good instead of another
D. The \cost of producing a good and not producing another
Correct Answer
C
Correct Option:
The \cost of producing one good instead of another

About This Question

This is Post Utme Eksu 2022 Economics Question 5. It is one of the objective questions from the 2022 Post Utme Eksu Economics examination.

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