Neco 2019 Economics Question 12
Practice objective / multiple choice question 12 from the 2019 Neco Economics examination.
A farmer can either grow maize earning a profit of \(\text{₦}150,000\) or grow beans earning a profit of \(\text{₦}120,000\) in a season. If he chooses to grow maize, what is the opportunity cost of his decision in terms of forgone profit?
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About This Question
This is Neco 2019 Economics Question 12. It is one of the objective questions from the 2019 Neco Economics examination.
Difficulty level: Easy .
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