Neco 2025 Economics Question 47

Practice objective / multiple choice question 47 from the 2025 Neco Economics examination.

Neco 2025 Economics Objective / Multiple Choice Easy Difficulty
Question 47 NECO • 2025 • ECONOMICS • objective

A farmer can use his land to produce either 100 bags of rice or 200 kg of beans with the same resources. If he decides to produce 60 bags of rice, what is the maximum quantity of beans he can produce simultaneously, and what is the opportunity cost of one bag of rice in terms of beans?

Answer Options

A. Maximum beans = 90 kg; opportunity cost = 2 kg of beans per bag of rice.
B. Maximum beans = 80 kg; opportunity cost = 1.5 kg of beans per bag of rice.
C. Maximum beans = 70 kg; opportunity cost = 2 kg of beans per bag of rice.
Correct Answer D. Maximum beans = 80 kg; opportunity cost = 2 kg of beans per bag of rice.
Correct Answer
D
Correct Option:
Maximum beans = 80 kg; opportunity cost = 2 kg of beans per bag of rice.

About This Question

This is Neco 2025 Economics Question 47. It is one of the objective questions from the 2025 Neco Economics examination.

Difficulty level: Easy .

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