Post Utme Uniben 2019 Economics Question 19

Practice objective / multiple choice question 19 from the 2019 Post Utme Uniben Economics examination.

Post Utme Uniben 2019 Economics Objective / Multiple Choice
Question 19 POST_UTME_UNIBEN • 2019 • ECONOMICS • objective

A consumer's budget constraint is given by P1Q1 + P2Q2 = I. What is the opportunity \cost of good 1?

Answer Options

A. P1
B. P2
Correct Answer C. \frac{P1}{P2}
D. \frac{P2}{P1}
Correct Answer
C
Correct Option:
\frac{P1}{P2}

About This Question

This is Post Utme Uniben 2019 Economics Question 19. It is one of the objective questions from the 2019 Post Utme Uniben Economics examination.

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