Post Utme Noun 2022 Geography Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Noun Geography examination.

Post Utme Noun 2022 Geography Objective / Multiple Choice
Question 14 POST_UTME_NOUN • 2022 • GEOGRAPHY • objective

The economic concept of opportunity cost refers to the:

Answer Options

Correct Answer A. Maximum benefit that could have been obtained from an alternative course of action
B. Minimum cost of producing a good or service
C. Maximum cost of producing a good or service
D. Minimum benefit of producing a good or service
Correct Answer
A
Correct Option:
Maximum benefit that could have been obtained from an alternative course of action

About This Question

This is Post Utme Noun 2022 Geography Question 14. It is one of the objective questions from the 2022 Post Utme Noun Geography examination.

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