Post Utme Achievers University 2021 Economics Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2021 Economics Objective / Multiple Choice
Question 34 POST_UTME_ACHIEVERS_UNIVERSITY • 2021 • ECONOMICS • objective

A perfectly competitive firm's supply curve is upward-sloping because of the law of increa\sing \costs. Which of the following is NOT a reason for the law of increa\sing \costs?

Answer Options

A. Diminishing marginal product of labor
Correct Answer B. Increa\sing marginal product of capital
C. Decrea\sing marginal product of capital
D. Increa\sing marginal product of labor
Correct Answer
B
Correct Option:
Increa\sing marginal product of capital

About This Question

This is Post Utme Achievers University 2021 Economics Question 34. It is one of the objective questions from the 2021 Post Utme Achievers University Economics examination.

View More Post Utme Achievers University 2021 Economics Questions More Post Utme Achievers University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support