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?

By: |Published on: May 5|Categories: Economics NECO| 0 comments

A. N10
B. N20
C. N30
D. N40
E. N50

Correct Answer:

Option A = N10

Explanation

Money cost is the cost of acquiring a product or service in available cash. N10 is the money cost.

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