Post Utme Bowen University 2021 Commerce Question 11

Practice objective / multiple choice question 11 from the 2021 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2021 Commerce Objective / Multiple Choice
Question 11 POST_UTME_BOWEN_UNIVERSITY • 2021 • COMMERCE • objective

In a perfectly competitive market, the supply curve is downward sloping because of the law of increasing marginal opportunity cost. What is the mathematical representation of this concept?

Answer Options

Correct Answer A. ( MC = MPF )
B. ( MC = MPB )
C. ( MC = MPF + rac{1}{2} )
D. ( MC = MPF - rac{1}{2} )
Correct Answer
A
Correct Option:
( MC = MPF )

About This Question

This is Post Utme Bowen University 2021 Commerce Question 11. It is one of the objective questions from the 2021 Post Utme Bowen University Commerce examination.

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