Post Utme Rsu 2024 Economics Question 31

Practice objective / multiple choice question 31 from the 2024 Post Utme Rsu Economics examination.

Post Utme Rsu 2024 Economics Objective / Multiple Choice
Question 31 POST_UTME_RSU • 2024 • ECONOMICS • objective

A farmer in Nigeria decides to cultivate a new crop. What is the opportunity \cost of this decision?

Answer Options

Correct Answer A. The opportunity \cost is the value of the crop that could have been produced.
B. The opportunity \cost is the value of the land that could have been used.
C. The opportunity \cost is the value of the labor that could have been used.
D. The opportunity \cost is the value of the capital that could have been used.
Correct Answer
A
Correct Option:
The opportunity \cost is the value of the crop that could have been produced.

About This Question

This is Post Utme Rsu 2024 Economics Question 31. It is one of the objective questions from the 2024 Post Utme Rsu Economics examination.

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