Post Utme Futa 2021 Commerce Question 1

Practice objective / multiple choice question 1 from the 2021 Post Utme Futa Commerce examination.

Post Utme Futa 2021 Commerce Objective / Multiple Choice
Question 1 POST_UTME_FUTA • 2021 • COMMERCE • objective

In a perfectly competitive market, the supply curve is upward sloping because of the law of increasing

Answer Options

A. diminishing marginal opportunity cost
Correct Answer B. increasing marginal opportunity cost
C. decreasing marginal opportunity cost
D. constant marginal opportunity cost
Correct Answer
B
Correct Option:
increasing marginal opportunity cost

About This Question

This is Post Utme Futa 2021 Commerce Question 1. It is one of the objective questions from the 2021 Post Utme Futa Commerce examination.

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