Categories: Economics NECO

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?

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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5 years ago

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