Post Utme Bsu 2019 Commerce Question 1

Practice objective / multiple choice question 1 from the 2019 Post Utme Bsu Commerce examination.

Post Utme Bsu 2019 Commerce Objective / Multiple Choice

Question 1 POST_UTME_BSU • 2019 • COMMERCE • objective

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

A. The law of increasing costs is due to the fixed costs of production.

B. The law of increasing costs is due to the variable costs of production.

C. The law of increasing costs is due to the economies of scale.

Correct Answer D. The law of increasing costs is due to the diseconomies of scale.

Correct Answer

Correct Option:

The law of increasing costs is due to the diseconomies of scale.

This is Post Utme Bsu 2019 Commerce Question 1. It is one of the objective questions from the 2019 Post Utme Bsu Commerce examination.

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