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A student in Obu'pu Secondary School discovers that he simultaneously needs a pen, an exercise...

Economics
JAMB 1995

A student in Obu'pu Secondary School discovers that he simultaneously needs a pen, an exercise book, an eraser and a ruler, but that he can purchase only one of these items. What is the first thing he is expected to do?
  • A. Check how much he has
  • B. Find out which is the cheapest of the items
  • C. Draw up a scale of preference
  • D. Weigh the opportunity cost of each item against the other
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Correct Answer: Option C
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent