Post Utme Lasu 2022 Commerce Question 19

Practice objective / multiple choice question 19 from the 2022 Post Utme Lasu Commerce examination.

Post Utme Lasu 2022 Commerce Objective / Multiple Choice
Question 19 POST_UTME_LASU • 2022 • COMMERCE • objective

A firm's cost of production includes all the expenses incurred in producing a good or service. Which of the following is NOT a cost of production?

Answer Options

A. Fixed costs
B. Variable costs
Correct Answer C. Opportunity costs
D. Sunk costs
Correct Answer
C
Correct Option:
Opportunity costs

About This Question

This is Post Utme Lasu 2022 Commerce Question 19. It is one of the objective questions from the 2022 Post Utme Lasu Commerce examination.

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