Gce Model Questions Vol1 2019 Economics Question 21

Practice objective / multiple choice question 21 from the 2019 Gce Model Questions Vol1 Economics examination.

Gce Model Questions Vol1 2019 Economics Objective / Multiple Choice Easy Difficulty
Question 21 GCE_MODEL_QUESTIONS_VOL1 • 2019 • ECONOMICS • objective

A farmer can use his land to produce either \(100\) kg of rice or \(50\) kg of beans with the same resources. If he decides to produce rice, what is the opportunity cost of one kilogram of rice, expressed in kilograms of beans?

Answer Options

A. 2
B. 0.25
Correct Answer C. 0.5
D. 1
Correct Answer
C
Correct Option:
0.5

About This Question

This is Gce Model Questions Vol1 2019 Economics Question 21. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Economics examination.

Difficulty level: Easy .

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