2005
Economics
WAEC
The 150.00 Naira which Olu would have used to purchase a textbook was used to buy a T-shirt. This implies that
A.
Olu’s real cost is 150.00 Naira
B.
Olu’s opportunity cost is the T-shirt
C.
Olu’s opportunity cost is the textbook
D.
Olu’s money cost is also the real cost.
Correct Answer: Olu’s opportunity cost is the textbook
Explanation
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