Post Utme Uniport 2023 Economics Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Uniport Economics examination.

Post Utme Uniport 2023 Economics Objective / Multiple Choice
Question 29 POST_UTME_UNIPORT • 2023 • ECONOMICS • objective

The opportunity \cost of producing one unit of a good is the value of the next best alternative good that could have been produced with the same resources. What is the opportunity \cost of producing 100 units of wheat if the opportunity \cost of producing one unit of wheat is ₦100?

Answer Options

A. ₦10,000
Correct Answer B. ₦100,000
C. ₦1,000,000
D. ₦10,000,000
Correct Answer
B
Correct Option:
₦100,000

About This Question

This is Post Utme Uniport 2023 Economics Question 29. It is one of the objective questions from the 2023 Post Utme Uniport Economics examination.

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