Question 4

The 150.00 Naira which Olu would have used to purchase a textbook was used to buy a T-shirt . This implies that

  • A.Olu's real cost is 150.00 Naira
  • B.Olu's opprtunity cost is the T-shirt he bought
  • C.Olu's opportunity cost is the textbook
  • D.Olu's money cost is also the real cost
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
2005
Question no.
#4
Type
Objective

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