Neco Model Questions Vol1 2024 Economics Question 29

Practice objective / multiple choice question 29 from the 2024 Neco Model Questions Vol1 Economics examination.

Neco Model Questions Vol1 2024 Economics Objective / Multiple Choice Easy Difficulty
Question 29 NECO_MODEL_QUESTIONS_VOL1 • 2024 • ECONOMICS • objective

A farmer has one hectare of land that can be used either to grow wheat, yielding 3 tonnes, or to grow beans, yielding 2 tonnes. If the farmer decides to grow wheat, what is the opportunity cost expressed as tonnes of beans per tonne of wheat?

Answer Options

A. 1/2
Correct Answer B. 2/3
C. 3/2
D. 4/3
Correct Answer
B
Correct Option:
2/3

About This Question

This is Neco Model Questions Vol1 2024 Economics Question 29. It is one of the objective questions from the 2024 Neco Model Questions Vol1 Economics examination.

Difficulty level: Easy .

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