Post Utme Nile University 2023 Economics Question 33

Practice objective / multiple choice question 33 from the 2023 Post Utme Nile University Economics examination.

Post Utme Nile University 2023 Economics Objective / Multiple Choice
Question 33 POST_UTME_NILE_UNIVERSITY • 2023 • ECONOMICS • objective

The opportunity \cost of a decision is the value of the next best alternative that is given up when a choice is made. This concept is related to the

Answer Options

Correct Answer A. law of diminishing marginal utility
B. law of supply and demand
C. principle of comparative advantage
D. theory of consumer behavior
Correct Answer
A
Correct Option:
law of diminishing marginal utility

About This Question

This is Post Utme Nile University 2023 Economics Question 33. It is one of the objective questions from the 2023 Post Utme Nile University Economics examination.

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