Question 8

The concept of opportunity cost is important to the firm because it

  • A.determines the price of the firms products
  • B.increases the level of output of the firm
  • C.leads to maximum satisfaction of the consumers
  • D.guides firms in allocating scarce resources
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
2004
Question no.
#8
Type
Objective

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