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

  • N10 checkmark
  • N20
  • N30
  • N40
  • N50

The correct answer is: 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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