Post Utme Coal City University 2017 Commerce Question 36

Practice objective / multiple choice question 36 from the 2017 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2017 Commerce Objective / Multiple Choice

Question 36 POST_UTME_COAL_CITY_UNIVERSITY • 2017 • COMMERCE • objective

In a perfectly competitive market, the supply curve is downward sloping because of the law of increasing marginal opportunity cost. What is the marginal opportunity cost?

Answer Options

Correct Answer A. The cost of producing one more unit of a good

B. The cost of producing one less unit of a good

C. The cost of producing the same quantity of a good

D. The cost of producing a different good

Correct Answer

Correct Option:

The cost of producing one more unit of a good

About This Question

This is Post Utme Coal City University 2017 Commerce Question 36. It is one of the objective questions from the 2017 Post Utme Coal City University Commerce examination.

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