Post Utme Crawford University 2021 Economics Question 31

Practice objective / multiple choice question 31 from the 2021 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2021 Economics Objective / Multiple Choice
Question 31 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • ECONOMICS • objective

In a perfectly competitive market, the law of diminishing marginal utility implies that the marginal utility of the last unit consumed is always greater than the marginal utility of the first unit consumed.

Answer Options

A. True
Correct Answer B. False
C. It dep\ends on the market structure
D. It dep\ends on the consumer's preferences
Correct Answer
B
Correct Option:
False

About This Question

This is Post Utme Crawford University 2021 Economics Question 31. It is one of the objective questions from the 2021 Post Utme Crawford University Economics examination.

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