Post Utme Esut 2019 Commerce Question 6

Practice objective / multiple choice question 6 from the 2019 Post Utme Esut Commerce examination.

Post Utme Esut 2019 Commerce Objective / Multiple Choice
Question 6 POST_UTME_ESUT • 2019 • 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?

Answer Options

A. Marginal cost
B. Marginal revenue
Correct Answer C. Marginal factor cost
D. Marginal product
Correct Answer
C
Correct Option:
Marginal factor cost

About This Question

This is Post Utme Esut 2019 Commerce Question 6. It is one of the objective questions from the 2019 Post Utme Esut Commerce examination.

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