Post Utme Lasu 2025 Geography Question 18

Practice objective / multiple choice question 18 from the 2025 Post Utme Lasu Geography examination.

Post Utme Lasu 2025 Geography Objective / Multiple Choice
Question 18 POST_UTME_LASU • 2025 • GEOGRAPHY • objective

The economic concept of 'opportunity cost' refers to the value of the next best alternative that is given up when a choice is made. Which of the following is an example of opportunity cost?

Answer Options

A. The cost of producing a good or service
Correct Answer B. The value of a good or service that is not produced
C. The cost of transporting a good or service
D. The cost of storing a good or service
Correct Answer
B
Correct Option:
The value of a good or service that is not produced

About This Question

This is Post Utme Lasu 2025 Geography Question 18. It is one of the objective questions from the 2025 Post Utme Lasu Geography examination.

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