Post Utme Caleb University 2022 Commerce Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2022 Commerce Objective / Multiple Choice

Question 11 POST_UTME_CALEB_UNIVERSITY • 2022 • COMMERCE • objective

In a perfectly competitive market, the supply curve is downward sloping because of the law of increasing

Answer Options

Correct Answer A. marginal opportunity cost

B. marginal utility

C. marginal propensity to consume

D. marginal rate of substitution

Correct Answer

Correct Option:

marginal opportunity cost

About This Question

This is Post Utme Caleb University 2022 Commerce Question 11. It is one of the objective questions from the 2022 Post Utme Caleb University Commerce examination.

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