Economics WAEC

For an economy which last year produced only two commodities X and Y, the real cost of the quantity of X which it produced can be measured by the?

A. amount of X it could not produce
B. amount of Y it produced
C. total amount of Y it could have produced
D. extra amount of Y it could have produced

Correct Answer:

Option C – total amount of Y it could have produced

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5 years ago

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