Post Utme Ksu 2025 Economics Question 26

Practice objective / multiple choice question 26 from the 2025 Post Utme Ksu Economics examination.

Post Utme Ksu 2025 Economics Objective / Multiple Choice
Question 26 POST_UTME_KSU • 2025 • ECONOMICS • objective

The concept of scarcity in economics implies that the production of one good is impossible without the simul\taneous production of another good. Which of the following is a correct statement regarding the opportunity \cost of producing one good?

Answer Options

Correct Answer A. The opportunity \cost is the value of the next best alternative good that could have been produced.
B. The opportunity \cost is the value of the good that is given up when producing another good.
C. The opportunity \cost is the value of the good that is produced in excess of the demand.
D. The opportunity \cost is the value of the good that is not produced at all.
Correct Answer
A
Correct Option:
The opportunity \cost is the value of the next best alternative good that could have been produced.

About This Question

This is Post Utme Ksu 2025 Economics Question 26. It is one of the objective questions from the 2025 Post Utme Ksu Economics examination.

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