The 150.00 Naira which Olu would have used to purchase a ...
The 150.00 Naira which Olu would have used to purchase a textbook was used to buy a T-shirt. This implies that
Olu's real cost is 150.00 Naira
Olu's opprtunity cost is the T-shirt he bought
Olu's opportunity cost is the textbook
Olu's money cost is also the real cost
Correct answer is C
No explanation has been provided for this answer.
A tax is said to be good when ...
Price control indicate the following ...
EXPECTED REVENUE Items Amount ($m) Rents and royalties 75.00 ...
Which of the following will NOT bring about an increase in Labour force? ...
Which would you NOT consider an advantage of one-man business? ...
Given that Y = C + 1, where C = 50 + 0.75 and 1 = N45m, what is the equilibrium level of income? ...
Which of the following factors may lead to the underestimation of national income figures? ...