Post Utme Eksu 2022 Commerce Question 31

Practice objective / multiple choice question 31 from the 2022 Post Utme Eksu Commerce examination.

Post Utme Eksu 2022 Commerce Objective / Multiple Choice
Question 31 POST_UTME_EKSU • 2022 • 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 Eksu 2022 Commerce Question 31. It is one of the objective questions from the 2022 Post Utme Eksu Commerce examination.

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