Post Utme Skyline University 2022 Economics Question 26

Practice objective / multiple choice question 26 from the 2022 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2022 Economics Objective / Multiple Choice
Question 26 POST_UTME_SKYLINE_UNIVERSITY • 2022 • ECONOMICS • objective

The concept of scarcity implies that the production of one good is at the expense of another. What is the opportunity \cost of producing more of a particular good?

Answer Options

Correct Answer A. The value of the next best alternative good
B. The quantity of the next best alternative good
C. The price of the next best alternative good
D. The income effect of the next best alternative good
Correct Answer
A
Correct Option:
The value of the next best alternative good

About This Question

This is Post Utme Skyline University 2022 Economics Question 26. It is one of the objective questions from the 2022 Post Utme Skyline University Economics examination.

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