Waec Model Questions Vol1 2023 Economics Question 32

Practice objective / multiple choice question 32 from the 2023 Waec Model Questions Vol1 Economics examination.

Waec Model Questions Vol1 2023 Economics Objective / Multiple Choice Easy Difficulty
Question 32 WAEC_MODEL_QUESTIONS_VOL1 • 2023 • ECONOMICS • objective

A farmer can, in one day, either produce 100 kg of rice or 50 kg of beans. If he decides to produce rice, what is the opportunity cost of one kilogram of rice in terms of beans?

Answer Options

A. 0.25
B. 2
C. 1
Correct Answer D. 0.5
Correct Answer
D
Correct Option:
0.5

About This Question

This is Waec Model Questions Vol1 2023 Economics Question 32. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Economics examination.

Difficulty level: Easy .

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