In the diagrams below, the opportunity cost of a unit of cotton in terms of...
ECONOMICS
JAMB 2002
In the diagrams below, the opportunity cost of a unit of cotton in terms of cocoa is
- A. 4 for Ghana; 2 for Nigeria
- B. 20 for Ghana; 60 for Nigeria
- C. 1/4 for Ghana; 1/2 for Nigeria
- D. 5 for Ghana; 30 for Nigeria
Correct Answer: C. 1/4 for Ghana; 1/2 for Nigeria
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