Waec Model Questions Vol1 2024 Economics Question 40

Practice objective / multiple choice question 40 from the 2024 Waec Model Questions Vol1 Economics examination.

Waec Model Questions Vol1 2024 Economics Objective / Multiple Choice Easy Difficulty
Question 40 WAEC_MODEL_QUESTIONS_VOL1 • 2024 • ECONOMICS • objective

An economy can produce either 100 units of wheat or 200 units of cloth, or any linear combination of the two. If the economy is currently producing 40 units of wheat, how many units of cloth can it produce? Also state the opportunity cost of producing one additional unit of wheat in terms of cloth.

Answer Options

A. 100 units of cloth; opportunity cost = 2 units of cloth per wheat
B. 120 units of cloth; opportunity cost = 1 unit of cloth per wheat
Correct Answer C. 120 units of cloth; opportunity cost = 2 units of cloth per wheat
D. 160 units of cloth; opportunity cost = 1 unit of cloth per wheat
Correct Answer
C
Correct Option:
120 units of cloth; opportunity cost = 2 units of cloth per wheat

About This Question

This is Waec Model Questions Vol1 2024 Economics Question 40. It is one of the objective questions from the 2024 Waec Model Questions Vol1 Economics examination.

Difficulty level: Easy .

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