A student has N30.00 with which to buy a ruler costing N18.00 and an exercise…

Economics JAMB 2002

A student has N30.00 with which to buy a ruler costing N18.00 and an exercise book costing N25.00. If he buys the exercise book, his opportunity cost is?

  • the ruler checkmark
  • the exercise book
  • N25.00
  • 18.00

The correct answer is: A

Explanation

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