Post Utme Pan Atlantic University 2022 Economics Question 18

Practice objective / multiple choice question 18 from the 2022 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2022 Economics Objective / Multiple Choice
Question 18 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2022 • ECONOMICS • objective

A firm is faced with a budget constraint of ₦100,000. If it allocates ₦50,000 to labor and ₦30,000 to capital, what will be the opportunity \cost of hiring one more worker?

Answer Options

A. ₦10,000
Correct Answer B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Pan Atlantic University 2022 Economics Question 18. It is one of the objective questions from the 2022 Post Utme Pan Atlantic University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support