Post Utme Rsu 2019 Economics Question 4

Practice objective / multiple choice question 4 from the 2019 Post Utme Rsu Economics examination.

Post Utme Rsu 2019 Economics Objective / Multiple Choice

Question 4 POST_UTME_RSU • 2019 • ECONOMICS • objective

U\sing the concept of opportunity \cost, explain how the opportunity \cost of a project can be determined and used to evaluate its feasibility.

A. Opportunity \cost is the \cost of choo\sing one option over another.

B. Opportunity \cost is the \cost of choo\sing one option over all other options.

Correct Answer C. Opportunity \cost is the \cost of choo\sing one option over the next best option.

D. Opportunity \cost is the \cost of choo\sing one option over the next best option and all other options.

Correct Answer

Correct Option:

Opportunity \cost is the \cost of choo\sing one option over the next best option.

This is Post Utme Rsu 2019 Economics Question 4. It is one of the objective questions from the 2019 Post Utme Rsu Economics examination.

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