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Abdul is faced with a choice between buying a new NOTE book and a pen...

Economics
NECO 2003

Abdul is faced with a choice between buying a new NOTE book and a pen with N10. Since the N10 can NOT give him both items he decide to buy NOTE book. The money cost to him is

  • A. N10
  • B. N20
  • C. N30
  • D. N40
  • E. N50
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Correct Answer: Option A
Explanation

Money cost is the cost of acquiring a product or service in available cash. N10 is the money cost.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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