Post Utme Bsu 2017 Commerce Question 21

Practice objective / multiple choice question 21 from the 2017 Post Utme Bsu Commerce examination.

Post Utme Bsu 2017 Commerce Objective / Multiple Choice
Question 21 POST_UTME_BSU • 2017 • COMMERCE • objective

In a perfectly competitive market, the supply curve is upward-sloping because of the law of increasing marginal opportunity cost. What is the primary reason for this upward-sloping supply curve?

Answer Options

A. Increasing marginal cost
B. Decreasing marginal revenue
Correct Answer C. Increasing marginal opportunity cost
D. Decreasing marginal utility
Correct Answer
C
Correct Option:
Increasing marginal opportunity cost

About This Question

This is Post Utme Bsu 2017 Commerce Question 21. It is one of the objective questions from the 2017 Post Utme Bsu Commerce examination.

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