Post Utme Uniport 2025 Economics Question 1

Practice objective / multiple choice question 1 from the 2025 Post Utme Uniport Economics examination.

Post Utme Uniport 2025 Economics Objective / Multiple Choice
Question 1 POST_UTME_UNIPORT • 2025 • ECONOMICS • objective

The opportunity \cost of producing an additional unit of a good is the value of the next best alternative that must be given up in order to produce that unit. Which of the following represents the opportunity \cost of producing an additional unit of a good?

Answer Options

Correct Answer A. The value of the next best alternative that must be given up
B. The value of the additional unit of the good
C. The value of the good that is being produced
D. The value of the resources used to produce the good
Correct Answer
A
Correct Option:
The value of the next best alternative that must be given up

About This Question

This is Post Utme Uniport 2025 Economics Question 1. It is one of the objective questions from the 2025 Post Utme Uniport Economics examination.

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