If one orange costs 20k and one kilogram of beef costs N10.00, the opportunity cost of one kilogram of beef is?
a
50 oranges
b
10 oranges
c
5 oranges
d
9.80
Explanation
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Discussions (5)

Tubdul07
6 years ago
The opportunity cost of one kilogram of beef is the amount of oranges the cost of one kilogram of beef can buy i.e the amount of oranges that N10.00 can buy.
*One orange cost 20k or 0.20
10.0/0.20 = 50

Gbabygifted
12 years ago
i dont really undastand dis question and d answer. Pls i need more explaination on it. Tanx




