Post Utme Bells University 2024 Commerce Question 1

Practice objective / multiple choice question 1 from the 2024 Post Utme Bells University Commerce examination.

Post Utme Bells University 2024 Commerce Objective / Multiple Choice
Question 1 POST_UTME_BELLS_UNIVERSITY • 2024 • COMMERCE • objective

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

Answer Options

Correct Answer A. diminishing returns
B. increasing opportunity cost
C. decreasing marginal revenue
D. increasing marginal cost
Correct Answer
A
Correct Option:
diminishing returns

About This Question

This is Post Utme Bells University 2024 Commerce Question 1. It is one of the objective questions from the 2024 Post Utme Bells University Commerce examination.

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