Post Utme Nile University 2017 Economics Question 6
Practice objective / multiple choice question 6 from the 2017 Post Utme Nile University Economics examination.
A farmer in Nigeria has 100 hectares of land. He can grow either maize or sorghum. The price of maize is ₦150,000 per ton, and the price of sorghum is ₦120,000 per ton. The yield of maize is 2 tons per hectare, and the yield of sorghum is 1.5 tons per hectare. What is the opportunity \cost of growing maize instead of sorghum?
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About This Question
This is Post Utme Nile University 2017 Economics Question 6. It is one of the objective questions from the 2017 Post Utme Nile University Economics examination.
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