passwella.
Menu

JAMB Economics 1980 Question 29

Question 29

Basic Concepts

If you do not have to give up anything in order to get a particular thing, then its opportunity cost is

  1. A.zero
  2. B.not measurable
  3. C.its price in money
  4. D.infinite
  5. E.equal to one.
Show the answer and explanation

Answer: A (zero)

Explanation

Opportunity cost is the alternative given up; if nothing is given up, it is zero.