Post Utme Achievers University 2017 Commerce Question 16

Practice objective / multiple choice question 16 from the 2017 Post Utme Achievers University Commerce examination.

Post Utme Achievers University 2017 Commerce Objective / Multiple Choice

Question 16 POST_UTME_ACHIEVERS_UNIVERSITY • 2017 • COMMERCE • objective

In a perfectly competitive market, the supply curve is upward-sloping because of the law of increasing

Answer Options

A. Diminishing Marginal Opportunity Cost

Correct Answer B. Increasing Marginal Opportunity Cost

C. Diminishing Marginal Utility

D. Increasing Marginal Utility

Correct Answer

Correct Option:

Increasing Marginal Opportunity Cost

About This Question

This is Post Utme Achievers University 2017 Commerce Question 16. It is one of the objective questions from the 2017 Post Utme Achievers University Commerce examination.

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