Post Utme Coal City University 2018 Commerce Question 6

Practice objective / multiple choice question 6 from the 2018 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2018 Commerce Objective / Multiple Choice

Question 6 POST_UTME_COAL_CITY_UNIVERSITY • 2018 • COMMERCE • objective

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

Answer Options

A. opportunity cost

Correct Answer B. diminishing marginal returns

C. law of supply

D. law of demand

Correct Answer

Correct Option:

diminishing marginal returns

About This Question

This is Post Utme Coal City University 2018 Commerce Question 6. It is one of the objective questions from the 2018 Post Utme Coal City University Commerce examination.

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