Gce Model Questions Vol1 2023 Economics Question 48

Practice objective / multiple choice question 48 from the 2023 Gce Model Questions Vol1 Economics examination.

Gce Model Questions Vol1 2023 Economics Objective / Multiple Choice Easy Difficulty
Question 48 GCE_MODEL_QUESTIONS_VOL1 • 2023 • ECONOMICS • objective

A farmer can allocate one hectare of land either to wheat, producing \(10\) tons per hectare, or to corn, producing \(5\) tons per hectare. If the farmer uses half a hectare for wheat and half a hectare for corn, what is the opportunity cost of producing one ton of wheat in terms of corn (in tons)?

Answer Options

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

About This Question

This is Gce Model Questions Vol1 2023 Economics Question 48. It is one of the objective questions from the 2023 Gce Model Questions Vol1 Economics examination.

Difficulty level: Easy .

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