The 150.00 Naira which Olu would have used to purchase a textbook was used to
ECONOMICS
WAEC 2005
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
Correct Answer: C. Olu's opportunity cost is the textbook
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *