Gce Model Questions Vol1 2024 Economics Question 49

Practice objective / multiple choice question 49 from the 2024 Gce Model Questions Vol1 Economics examination.

Gce Model Questions Vol1 2024 Economics Objective / Multiple Choice Easy Difficulty
Question 49 GCE_MODEL_QUESTIONS_VOL1 • 2024 • ECONOMICS • objective

A country can produce either 100 units of wheat or 200 units of cloth, or any linear combination of the two. If the country decides to produce 40 units of wheat, how many units of cloth can it produce? Also state the opportunity cost of one unit of wheat in terms of cloth.

Answer Options

A. 140 units of cloth; opportunity cost = 1 unit of cloth per wheat
B. 100 units of cloth; opportunity cost = 2.5 units of cloth per wheat
Correct Answer C. 120 units of cloth; opportunity cost = 2 units of cloth per wheat
D. 80 units of cloth; opportunity cost = 1.5 units of cloth per wheat
Correct Answer
C
Correct Option:
120 units of cloth; opportunity cost = 2 units of cloth per wheat

About This Question

This is Gce Model Questions Vol1 2024 Economics Question 49. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Economics examination.

Difficulty level: Easy .

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