Post Utme Bells University 2025 Commerce Question 24

Practice objective / multiple choice question 24 from the 2025 Post Utme Bells University Commerce examination.

Post Utme Bells University 2025 Commerce Objective / Multiple Choice

Question 24 POST_UTME_BELLS_UNIVERSITY • 2025 • COMMERCE • objective

In a perfectly competitive market, the law of diminishing marginal utility leads to the production of a good at which point?

Answer Options

A. The point where marginal revenue equals marginal cost

Correct Answer B. The point where marginal utility equals marginal cost

C. The point where marginal revenue equals average revenue

D. The point where marginal cost equals average revenue

Correct Answer

Correct Option:

The point where marginal utility equals marginal cost

About This Question

This is Post Utme Bells University 2025 Commerce Question 24. It is one of the objective questions from the 2025 Post Utme Bells University Commerce examination.

View More Post Utme Bells University 2025 Commerce Questions More Post Utme Bells 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