Post Utme Noun 2017 Economics Question 36
Practice objective / multiple choice question 36 from the 2017 Post Utme Noun Economics examination.
Consider a perfectly competitive market with a large number of firms producing a homogeneous product. If the market price is $10 and the marginal \cost of production is $8, what is the opportunity \cost of producing one more unit of the product?
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About This Question
This is Post Utme Noun 2017 Economics Question 36. It is one of the objective questions from the 2017 Post Utme Noun Economics examination.
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