A school girl who needs a book and mirror, each coasting five naira, decides to purchase the book instead of the mirror since she cannot pay for the two at the same time. Determined the real cost of her book.
a
The five naira she spent on the book
b
Five naira real cash value
c
the mirror
d
The book
Explanation
Correct Option
cNo explanation available
Video Explanation
No video available
Post your Contribution
Share:
Discussions (6)
Timothy22
12 years ago
wrong, A is the correct answer.Real cost is the cost of buying a particular product Therefore the real cost of buying the book is the cost of the book which is the N5
Chuks612
9 years ago
Wrong. It's a real cost is also known as nominal cost which is the actual value spent in other to get that commodity or can be said to be the sacrifice of factors in producing a commodity . If it were to be opportunity cost,then the right answer would be C.
