Post Utme Eksu 2020 Commerce Question 36

Practice objective / multiple choice question 36 from the 2020 Post Utme Eksu Commerce examination.

Post Utme Eksu 2020 Commerce Objective / Multiple Choice

Question 36 POST_UTME_EKSU • 2020 • 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?

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

B. The cost of producing one unit of a good

C. The cost of producing two units of a good

D. The cost of producing three units of a good

Correct Answer

Correct Option:

The cost of producing one additional unit of a good

This is Post Utme Eksu 2020 Commerce Question 36. It is one of the objective questions from the 2020 Post Utme Eksu Commerce examination.

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