Post Utme Greenfield University 2023 Economics Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2023 Economics Objective / Multiple Choice

Question 23 POST_UTME_GREENFIELD_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's opportunity \cost of producing a good is the:

Answer Options

Correct Answer A. Value of the next best alternative

B. Value of the good itself

C. Value of the inputs used to produce the good

D. Value of the good in terms of other goods

Correct Answer

Correct Option:

Value of the next best alternative

About This Question

This is Post Utme Greenfield University 2023 Economics Question 23. It is one of the objective questions from the 2023 Post Utme Greenfield University Economics examination.

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