Neco Model Questions Vol1 2018 Economics Question 35

Practice objective / multiple choice question 35 from the 2018 Neco Model Questions Vol1 Economics examination.

Neco Model Questions Vol1 2018 Economics Objective / Multiple Choice Easy Difficulty
Question 35 NECO_MODEL_QUESTIONS_VOL1 • 2018 • ECONOMICS • objective

A farmer can produce either 10 tons of wheat or 5 tons of corn with the same resources. What is the opportunity cost of producing one ton of wheat in terms of corn?

Answer Options

Correct Answer A. 0.5 ton of corn
B. 1 ton of corn
C. 0.05 ton of corn
D. 2 ton of corn
Correct Answer
A
Correct Option:
0.5 ton of corn

About This Question

This is Neco Model Questions Vol1 2018 Economics Question 35. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Economics examination.

Difficulty level: Easy .

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