Post Utme Bowen University 2019 Commerce Question 36

Practice objective / multiple choice question 36 from the 2019 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2019 Commerce Objective / Multiple Choice
Question 36 POST_UTME_BOWEN_UNIVERSITY • 2019 • COMMERCE • objective

In a perfectly competitive market, the law of diminishing marginal utility implies that as the quantity of a good increases, the marginal utility of each additional unit

Answer Options

A. increases
Correct Answer B. decreases
C. remains constant
D. becomes negative
Correct Answer
B
Correct Option:
decreases

About This Question

This is Post Utme Bowen University 2019 Commerce Question 36. It is one of the objective questions from the 2019 Post Utme Bowen University Commerce examination.

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