BSSE Economics 1443 Practice Questions - Botswana Senior Secondary Education Certificate Economics (Syllabus 1443) Exam

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A farmer in Pandamatenga decides to use 10 hectares of land to grow maize instead of sorghum. What is the opportunity cost of this decision?

The total financial revenue earned from selling the maize The value of the sorghum harvest that was forgone The cost of seeds and fertilizer used for planting maize The wages paid to farm laborers during harvesting

Correct Answer:

The value of the sorghum harvest that was forgone

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