A student has N30.00 with which to buy a ruler costing N18.00 and an exercise book costing N25.00. If he buys the exercise book, his opportunity cost is?

Similar Questions

If, as the price of a commodity rises, the quantity demanded of the commodity remains the same, then...

Scarcity in economics arises because ...

Trade takes place because of ...

One of the major advantages of specialization is that ...

The stock exchange is a market for the buying and selling of ...

When the government initiates measures to make an organization in which it has substantial interest ...

The greatest proportion of government revenue in Nigeria comes from ...

From the graph above the consumer will attain equilibrium at point______________ ...

One of the ways of correcting a deficit balance of payments is to ...

In the money market, money can only be borrowed for ...