Neco 2019 Economics Question 36

Practice objective / multiple choice question 36 from the 2019 Neco Economics examination.

Neco 2019 Economics Objective / Multiple Choice Easy Difficulty
Question 36 NECO • 2019 • ECONOMICS • objective

A farmer can produce either \(10\) tonnes of rice or \(5\) tonnes of wheat with the same resources. What is the opportunity cost of producing one tonne of rice in terms of wheat?

Answer Options

A. 0.2 tonne of wheat
B. 1 tonne of wheat
Correct Answer C. 0.5 tonne of wheat
D. 2 tonnes of wheat
Correct Answer
C
Correct Option:
0.5 tonne of wheat

About This Question

This is Neco 2019 Economics Question 36. It is one of the objective questions from the 2019 Neco Economics examination.

Difficulty level: Easy .

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