A student has N30.00 with which to buy a ruler costing N1...
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?
The ruler
The exercise book
N25.00
N18.00
Correct answer is A
No explanation has been provided for this answer.
One profitable form of business undertaken by the commercial banks is ...
Points outside a production possibility curve indicate ...
In the long run, all production factors are? ...
An example of a producer goods is a ...
Which of the following situations can give rise to economic problems? ...
Production is said to be complete when goods and services gets to the ...