Post Utme Igbinedion University 2018 Geography Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Igbinedion University Geography examination.

Post Utme Igbinedion University 2018 Geography Objective / Multiple Choice
Question 17 POST_UTME_IGBINEDION_UNIVERSITY • 2018 • GEOGRAPHY • objective

A company is considering two different locations for a new factory: Location A, which has a high labor cost but low transportation cost, and Location B, which has a low labor cost but high transportation cost. What is the opportunity cost of choosing Location A over Location B?

Answer Options

A. The opportunity cost is the difference in labor costs between the two locations.
B. The opportunity cost is the difference in transportation costs between the two locations.
Correct Answer C. The opportunity cost is the difference in total costs between the two locations.
D. The opportunity cost is the difference in profit between the two locations.
Correct Answer
C
Correct Option:
The opportunity cost is the difference in total costs between the two locations.

About This Question

This is Post Utme Igbinedion University 2018 Geography Question 17. It is one of the objective questions from the 2018 Post Utme Igbinedion University Geography examination.

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