Question 3

The real cost of a commodity is

  • A.the cost of the alternative that has to be sacrificed for it
  • B.the alternative that has to be forgone in order to purchase it
  • C.its market price
  • D.the alternative cost involved when the opportunity of buying the commodity is missed
  • E.the sacrifice that is made after buying the commodity
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
1993
Question no.
#3
Type
Objective

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