Post Utme Greenfield University 2017 Commerce Question 8

Practice objective / multiple choice question 8 from the 2017 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2017 Commerce Objective / Multiple Choice
Question 8 POST_UTME_GREENFIELD_UNIVERSITY • 2017 • COMMERCE • objective

A consumer has a budget of ₦10,000 and is considering purchasing two different products: Product A and Product B. Product A costs ₦5,000 and Product B costs ₦3,000. What is the opportunity cost of purchasing Product B?

Answer Options

Correct Answer A. ₦2,000
B. ₦5,000
C. ₦7,000
D. ₦10,000
Correct Answer
A
Correct Option:
₦2,000

About This Question

This is Post Utme Greenfield University 2017 Commerce Question 8. It is one of the objective questions from the 2017 Post Utme Greenfield University Commerce examination.

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