Post Utme Igbinedion University 2021 Economics Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2021 Economics Objective / Multiple Choice
Question 19 POST_UTME_IGBINEDION_UNIVERSITY • 2021 • ECONOMICS • objective

The opportunity \cost of producing one more unit of a good is the amount of another good that must be given up in order to produce that unit. Which of the following is an example of opportunity \cost?

Answer Options

A. The \cost of producing one more unit of a good
B. The benefit of producing one more unit of a good
Correct Answer C. The amount of another good that must be given up in order to produce that unit
D. The price of one more unit of a good
Correct Answer
C
Correct Option:
The amount of another good that must be given up in order to produce that unit

About This Question

This is Post Utme Igbinedion University 2021 Economics Question 19. It is one of the objective questions from the 2021 Post Utme Igbinedion University Economics examination.

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