Post Utme Veritas University 2025 Economics Question 15

Practice objective / multiple choice question 15 from the 2025 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2025 Economics Objective / Multiple Choice
Question 15 POST_UTME_VERITAS_UNIVERSITY • 2025 • ECONOMICS • objective

A consumer has a budget of ₦10,000 and faces the following prices: Q1 = ₦2,000, Q2 = ₦3,000, Q3 = ₦4,000. If the consumer chooses to buy 2 units of Q1, 3 units of Q2, and 1 unit of Q3, what is the opportunity \cost of the last unit of Q3?

Answer Options

A. ₦2,000
Correct Answer B. ₦3,000
C. ₦4,000
D. ₦5,000
Correct Answer
B
Correct Option:
₦3,000

About This Question

This is Post Utme Veritas University 2025 Economics Question 15. It is one of the objective questions from the 2025 Post Utme Veritas University Economics examination.

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