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Question Practice

What is the opportunity cost of producing an additional unit of corn?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Introduction
Question Bank

What is the opportunity cost o...

Single Answer MCQ
Q-00089283

What is the opportunity cost of producing an additional unit of corn?

1

The amount of cotton that must be forgone

2

The total production cost of corn

3

The resources used in producing corn

4

The market price of corn

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