Post Utme Joseph Ayo Babalola University 2023 Commerce Question 34

Practice objective / multiple choice question 34 from the 2023 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2023 Commerce Objective / Multiple Choice
Question 34 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2023 • COMMERCE • objective

A firm is considering expanding its production capacity to meet increasing demand. However, the firm is concerned about the opportunity cost of producing more goods. What is the opportunity cost of producing more goods?

Answer Options

Correct Answer A. The cost of producing an alternative good
B. The cost of importing the good
C. The cost of producing a different good
D. The cost of producing the same good
Correct Answer
A
Correct Option:
The cost of producing an alternative good

About This Question

This is Post Utme Joseph Ayo Babalola University 2023 Commerce Question 34. It is one of the objective questions from the 2023 Post Utme Joseph Ayo Babalola University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support