Question 22
POST_UTME_UNILORIN
•
2019
•
COMMERCE
•
objective
A firm specializes in producing a particular good because it has a comparative advantage in producing that good. What is the opportunity cost of producing this good?
Answer Options
Correct Answer
A.
The opportunity cost is the value of the next best alternative good that could have been produced
B.
The opportunity cost is the value of the next best alternative good that could have been produced, but not the actual good
C.
The opportunity cost is the value of the next best alternative good that could have been produced, but not the actual good, and also the value of the next best alternative good that could have been produced
D.
The opportunity cost is the value of the next best alternative good that could have been produced, but not the actual good, and also the value of the next best alternative good that could have been produced, and also the value of the next best alternative good that could have been produced
Correct Answer
A
Correct Option:
The opportunity cost is the value of the next best alternative good that could have been produced
About This Question
This is
Post Utme Unilorin
2019
Commerce
Question 22.
It is one of the
objective
questions from the
2019
Post Utme Unilorin
Commerce
examination.