Post Utme Elizade University 2023 Commerce Question 24

Practice objective / multiple choice question 24 from the 2023 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2023 Commerce Objective / Multiple Choice
Question 24 POST_UTME_ELIZADE_UNIVERSITY • 2023 • COMMERCE • objective

In a perfectly competitive market, the law of diminishing marginal utility is most relevant to the production of which of the following goods?

Answer Options

A. Public Goods
Correct Answer B. Private Goods
C. Merchandise
D. Services
Correct Answer
B
Correct Option:
Private Goods

About This Question

This is Post Utme Elizade University 2023 Commerce Question 24. It is one of the objective questions from the 2023 Post Utme Elizade University Commerce examination.

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