Post Utme Unilorin 2018 Economics Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2018 Economics Objective / Multiple Choice
Question 23 POST_UTME_UNILORIN • 2018 • ECONOMICS • objective

A firm is considering two production methods. Method A requires an initial investment of ₦100 million but generates a higher profit. Method B requires no initial investment but generates a lower profit. What is the opportunity \cost of choo\sing Method A over Method B?

Answer Options

Correct Answer A. The initial investment of ₦100 million
B. The higher profit of Method A
C. The lower profit of Method B
D. The opportunity \cost of choo\sing Method A
Correct Answer
A
Correct Option:
The initial investment of ₦100 million

About This Question

This is Post Utme Unilorin 2018 Economics Question 23. It is one of the objective questions from the 2018 Post Utme Unilorin Economics examination.

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