Utme 2017 Economics Question 23

Practice objective / multiple choice question 23 from the 2017 Utme Economics examination. This question covers Opportunity Cost .

Utme 2017 Economics Objective / Multiple Choice 2 Difficulty
Topic: Opportunity Cost
Question 23 UTME • 2017 • ECONOMICS • objective

Which of these is the real cost of satisfying any want in the sense of the alternative that has to be foregone?

Answer Options

Correct Answer A. Opportunity cost
B. Total cost
C. Variable cost
D. Unit cost
Correct Answer
A
Correct Option:
Opportunity cost

About This Question

This is Utme 2017 Economics Question 23. It is one of the objective questions from the 2017 Utme Economics examination.

The question covers Opportunity Cost .

Difficulty level: 2 .

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