Post Utme Aaua 2021 Commerce Question 36

Practice objective / multiple choice question 36 from the 2021 Post Utme Aaua Commerce examination.

Post Utme Aaua 2021 Commerce Objective / Multiple Choice
Question 36 POST_UTME_AAUA • 2021 • COMMERCE • objective

In a perfectly competitive market, the supply curve is upward-sloping because of the law of increasing marginal opportunity cost. What is the primary reason for this upward slope?

Answer Options

A. Increasing marginal cost
B. Decreasing marginal revenue
Correct Answer C. Increasing marginal opportunity cost
D. Decreasing marginal utility
Correct Answer
C
Correct Option:
Increasing marginal opportunity cost

About This Question

This is Post Utme Aaua 2021 Commerce Question 36. It is one of the objective questions from the 2021 Post Utme Aaua Commerce examination.

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