Question 0

Opportunity cost is a term which describe

  • A.The initial cost of setting up a business venture
  • B.Cost of one product in terms of foregone production of others
  • C.The monetary equivalent of the utility of commodity
  • D.Cost related to an optimum level of production
  • E.Implicit cost
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1978
Question no.
#0
Type
Objective

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