Post Utme Redeemers University 2025 Geography Question 9

Practice objective / multiple choice question 9 from the 2025 Post Utme Redeemers University Geography examination.

Post Utme Redeemers University 2025 Geography Objective / Multiple Choice
Question 9 POST_UTME_REDEEMERS_UNIVERSITY • 2025 • GEOGRAPHY • objective

The economic concept of 'opportunity cost' refers to the value of the next best alternative that is given up when a choice is made. Which of the following is an example of opportunity cost?

Answer Options

A. The cost of producing a good
B. The cost of transporting a good
Correct Answer C. The value of the next best alternative
D. The cost of storing a good
Correct Answer
C
Correct Option:
The value of the next best alternative

About This Question

This is Post Utme Redeemers University 2025 Geography Question 9. It is one of the objective questions from the 2025 Post Utme Redeemers University Geography examination.

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