Post Utme Ksu 2021 Economics Question 22

Practice objective / multiple choice question 22 from the 2021 Post Utme Ksu Economics examination.

Post Utme Ksu 2021 Economics Objective / Multiple Choice
Question 22 POST_UTME_KSU • 2021 • ECONOMICS • objective

A firm is considering two production methods: method A and method B. Method A \costs ₦1000 per unit and produces 1 unit of output, while method B \costs ₦500 per unit and produces 2 units of output. If the firm produces 3 units of output, what is the opportunity \cost of producing the third unit?

Answer Options

A. ₦500
Correct Answer B. ₦1000
C. ₦1500
D. ₦2000
Correct Answer
B
Correct Option:
₦1000

About This Question

This is Post Utme Ksu 2021 Economics Question 22. It is one of the objective questions from the 2021 Post Utme Ksu Economics examination.

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