Post Utme Esut 2024 Economics Question 21
Practice objective / multiple choice question 21 from the 2024 Post Utme Esut Economics examination.
The opportunity \cost of producing one more unit of a good is the value of the next best alternative that must be given up. If the opportunity \cost of producing one more unit of a good is ₦100, and the price of the good is ₦120, what is the opportunity \cost of producing one more unit of the good in terms of the good itself?
Answer Options
About This Question
This is Post Utme Esut 2024 Economics Question 21. It is one of the objective questions from the 2024 Post Utme Esut Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.