Neco 2021 Economics Question 7

Practice objective / multiple choice question 7 from the 2021 Neco Economics examination.

Neco 2021 Economics Objective / Multiple Choice Easy Difficulty
Question 7 NECO • 2021 • ECONOMICS • objective

A farmer can use his land and labour to produce either 10 bags of rice or 15 bags of beans. What is the opportunity cost of producing one bag of rice in terms of beans? Express your answer as a decimal.

Answer Options

A. 1.0
Correct Answer B. 1.5
C. 2.0
D. 0.7
Correct Answer
B
Correct Option:
1.5

About This Question

This is Neco 2021 Economics Question 7. It is one of the objective questions from the 2021 Neco Economics examination.

Difficulty level: Easy .

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