Neco 2022 Economics Question 10

Practice objective / multiple choice question 10 from the 2022 Neco Economics examination.

Neco 2022 Economics Objective / Multiple Choice Easy Difficulty
Question 10 NECO • 2022 • ECONOMICS • objective

A farmer can use one hectare of land to produce either 40 bags of rice or 30 bags of beans. If the farmer currently produces only rice, what is the opportunity cost of producing one additional bag of rice in terms of beans?

Answer Options

A. 0.8
Correct Answer B. 0.75
C. 0.6
D. 1.25
Correct Answer
B
Correct Option:
0.75

About This Question

This is Neco 2022 Economics Question 10. It is one of the objective questions from the 2022 Neco Economics examination.

Difficulty level: Easy .

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