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Question 17

If one orange costs 20k and one kilogram of beef cost N10, opportunity cost of one kilogram of beef is

  • A.50 Oranges
  • B.10 oranges
  • C.5 oranges
  • D.All of the above
Objective

Question details

Exam body
UNIPORT
Subject
Economics
Year
2010/2011 Model 1
Question no.
#17
Type
Objective
Previous · Q16If price falls below the equilibrium point Next · Q18 Increase in the price of a commodity leads to increase in total revenue, then it…

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