Post Utme Christopher University 2018 Commerce Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Christopher University Commerce examination.

Post Utme Christopher University 2018 Commerce Objective / Multiple Choice
Question 16 POST_UTME_CHRISTOPHER_UNIVERSITY • 2018 • COMMERCE • objective

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

Answer Options

A. increase
Correct Answer B. decrease
C. remain constant
D. become negative
Correct Answer
B
Correct Option:
decrease

About This Question

This is Post Utme Christopher University 2018 Commerce Question 16. It is one of the objective questions from the 2018 Post Utme Christopher University Commerce examination.

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