Post Utme Madonna University 2021 Economics Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2021 Economics Objective / Multiple Choice
Question 25 POST_UTME_MADONNA_UNIVERSITY • 2021 • ECONOMICS • objective

A firm is considering importing a product from a foreign country. The domestic price of the product is ₦100, and the foreign price is ₦80. What is the opportunity \cost of importing the product?

Answer Options

Correct Answer A. ₦20
B. ₦30
C. ₦40
D. ₦50
Correct Answer
A
Correct Option:
₦20

About This Question

This is Post Utme Madonna University 2021 Economics Question 25. It is one of the objective questions from the 2021 Post Utme Madonna University Economics examination.

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