Post Utme Redeemers University 2021 Economics Question 2

Practice objective / multiple choice question 2 from the 2021 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2021 Economics Objective / Multiple Choice
Question 2 POST_UTME_REDEEMERS_UNIVERSITY • 2021 • ECONOMICS • objective

A farmer in Nigeria has 100 hectares of land to cultivate maize. The opportunity \cost of cultivating maize is ₦50,000 per hectare. If the farmer wants to cultivate maize on 50 hectares, what is the total opportunity \cost?

Answer Options

Correct Answer A. ₦2,500,000
B. ₦2,000,000
C. ₦1,750,000
D. ₦1,500,000
Correct Answer
A
Correct Option:
₦2,500,000

About This Question

This is Post Utme Redeemers University 2021 Economics Question 2. It is one of the objective questions from the 2021 Post Utme Redeemers 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