state the opportunity cost in each of the following actions I) A shirt was purchased...

state the opportunity cost in each of the following actions
I) A shirt was purchased for 500.00 instead instead of a pair of shoes
II) onions were planted on a farm realising 20,000.00 instead of maize that could have realised 25,000.00?

In Economics
2 Answers Available
Asked by enmero on 1st December, 2022

JAMB CBT Mobile App 2024 - Free Download

JAMB CBT 2024 - Candidates, Schools, Centres, Resellers - Get Ready!

WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995

To get notifications when anyone posts a new answer to this question,
Follow New Answers

Answers ({{ comment_count }})

Please wait...

{{ settings.no_comment_msg ? settings.no_comment_msg : 'There are no comments' }}

Ask Your Own Question

Quick Questions

if the price elasticity of demand for a good is 0.43 an increase in it's price would result in a)... Answer this

0 Answers · Economics · 18 hours ago
A profit-maximizing monopolist should produce within the range where his demand is A. Elastic B. Unitarily Elastic C. Inelastic D.... Answer this

2 Answers · Economics · 2 days ago
Division of labour is limited by a. cost of production, b. government policy, c. the factor of production, d. the... Answer this

2 Answers · Economics · 2 days ago

See More Economics Questions

state the opportunity cost in each of the following actions I) A shirt was purchased...

Post an Answer

Answers ({{ comment_count }})

Please wait...

Modal title

Report

Block User

{{ feedback_modal_data.title }}

Quick Questions

Sign In