Post Utme Christopher University 2021 Commerce Question 1

Practice objective / multiple choice question 1 from the 2021 Post Utme Christopher University Commerce examination.

Post Utme Christopher University 2021 Commerce Objective / Multiple Choice
Question 1 POST_UTME_CHRISTOPHER_UNIVERSITY • 2021 • COMMERCE • objective

In a perfectly competitive market, the law of diminishing marginal utility is most relevant to the production of which good?

Answer Options

A. A luxury item
Correct Answer B. A necessity
C. A public good
D. A private good
Correct Answer
B
Correct Option:
A necessity

About This Question

This is Post Utme Christopher University 2021 Commerce Question 1. It is one of the objective questions from the 2021 Post Utme Christopher University Commerce examination.

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