Post Utme Ksu 2019 Commerce Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Ksu Commerce examination.

Post Utme Ksu 2019 Commerce Objective / Multiple Choice
Question 38 POST_UTME_KSU • 2019 • COMMERCE • objective

A consumer has a budget constraint of 100 and a preference for two goods, A and B. The prices of A and B are 20 and 30 respectively. If the consumer chooses to spend 80 on good A, what is the opportunity cost of good B?

Answer Options

A. 10
Correct Answer B. 20
C. 30
D. 40
Correct Answer
B
Correct Option:
20

About This Question

This is Post Utme Ksu 2019 Commerce Question 38. It is one of the objective questions from the 2019 Post Utme Ksu Commerce examination.

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