Post-UTME Economics 2009 Objective — Question 1
Question 1 of 13 from the Post-UTME Screening (Post-UTME) Economics 2009 Objective paper, with the correct answer and a full explanation.
Advertisement
Opportunity cost is the same as
- A. soil cost
- B. real costCorrect
- C. marginal cost
- D. circulating cost
Explanation
Opportunity cost, the value of the next best forgone alternative, is also known as real cost.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.