Post Utme Esut 2023 Commerce Question 28

Practice objective / multiple choice question 28 from the 2023 Post Utme Esut Commerce examination.

Post Utme Esut 2023 Commerce Objective / Multiple Choice
Question 28 POST_UTME_ESUT • 2023 • COMMERCE • objective

A consumer has a budget of ₦10,000 and is considering two different products: Product A costs ₦5,000 and Product B costs ₦8,000. If the consumer buys Product A, they will have ₦5,000 left over. If they buy Product B, they will have ₦2,000 left over. What is the opportunity cost of buying Product B?

Answer Options

Correct Answer A. ₦2,000
B. ₦5,000
C. ₦8,000
D. ₦10,000
Correct Answer
A
Correct Option:
₦2,000

About This Question

This is Post Utme Esut 2023 Commerce Question 28. It is one of the objective questions from the 2023 Post Utme Esut Commerce examination.

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