Post Utme Babcock University 2020 Commerce Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2020 Commerce Objective / Multiple Choice
Question 23 POST_UTME_BABCOCK_UNIVERSITY • 2020 • COMMERCE • objective

In a perfectly competitive market, the law of diminishing marginal utility is most relevant to the production of which of the following goods?

Answer Options

A. Giffen goods
B. Normal goods
Correct Answer C. Inferior goods
D. Luxury goods
Correct Answer
C
Correct Option:
Inferior goods

About This Question

This is Post Utme Babcock University 2020 Commerce Question 23. It is one of the objective questions from the 2020 Post Utme Babcock University Commerce examination.

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