Post Utme Elizade University 2018 Economics Question 8

Practice objective / multiple choice question 8 from the 2018 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2018 Economics Objective / Multiple Choice
Question 8 POST_UTME_ELIZADE_UNIVERSITY • 2018 • ECONOMICS • objective

A firm is considering investing in a new project. The project has a high initial \cost but will generate a large profit in the long run. What is the opportunity \cost of investing in this project?

Answer Options

Correct Answer A. The initial \cost of the project
B. The profit generated by the project
C. The opportunity \cost is not relevant in this case
D. The opportunity \cost is the profit generated by the project minus the initial \cost
Correct Answer
A
Correct Option:
The initial \cost of the project

About This Question

This is Post Utme Elizade University 2018 Economics Question 8. It is one of the objective questions from the 2018 Post Utme Elizade University Economics examination.

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