Neco 2017 Economics Question 24

Practice objective / multiple choice question 24 from the 2017 Neco Economics examination.

Neco 2017 Economics Objective / Multiple Choice Easy Difficulty
Question 24 NECO • 2017 • ECONOMICS • objective

A farmer can produce either \(100\) kg of rice or \(200\) kg of beans with the same resources. What is the opportunity cost of producing one kilogram of rice in terms of beans?

Answer Options

A. 4
B. 0.5
Correct Answer C. 2
D. 1
Correct Answer
C
Correct Option:
2

About This Question

This is Neco 2017 Economics Question 24. It is one of the objective questions from the 2017 Neco Economics examination.

Difficulty level: Easy .

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