Gce Model Questions Vol1 2021 Economics Question 37

Practice objective / multiple choice question 37 from the 2021 Gce Model Questions Vol1 Economics examination.

Gce Model Questions Vol1 2021 Economics Objective / Multiple Choice Easy Difficulty
Question 37 GCE_MODEL_QUESTIONS_VOL1 • 2021 • ECONOMICS • objective

A farmer can produce either 40 tonnes of wheat or 30 tonnes of corn per year using all resources. Currently he produces 25 tonnes of wheat and 10 tonnes of corn. What is the opportunity cost, in tonnes of corn, of increasing wheat production by an additional 5 tonnes?

Answer Options

Correct Answer A. 3.75 tonnes of corn
B. 2.00 tonnes of corn
C. 6.67 tonnes of corn
D. 3.33 tonnes of corn
Correct Answer
A
Correct Option:
3.75 tonnes of corn

About This Question

This is Gce Model Questions Vol1 2021 Economics Question 37. It is one of the objective questions from the 2021 Gce Model Questions Vol1 Economics examination.

Difficulty level: Easy .

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