The 150.00 Naira which Olu would have used to purchase a textbook was used to buy a T-shirt. This implies that?

By: |Published on: May 25|Categories: Economics WAEC| 0 comments

A. Olu’s real cost is 150.00 Naira
B. Olu’s opportunity cost is the T-shirt he bought
C. Olu’s opportunity cost is the textbook
D. Olu’s money cost is also the real cost

Correct Answer: Option C

C. Olu’s opportunity cost is the textbook

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