Neco 2018 Economics Question 17
Practice objective / multiple choice question 17 from the 2018 Neco Economics examination.
Country Y can produce either wheat or cloth with its resources. If it devotes all resources to wheat it can produce 100 units of wheat and 0 cloth; if it devotes all resources to cloth it can produce 0 wheat and 50 units of cloth. Currently it produces 40 wheat and 20 cloth. What is the opportunity cost of producing one additional unit of wheat in terms of cloth?
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About This Question
This is Neco 2018 Economics Question 17. It is one of the objective questions from the 2018 Neco Economics examination.
Difficulty level: Easy .
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