Post Utme Futa 2022 Commerce Question 6

Practice objective / multiple choice question 6 from the 2022 Post Utme Futa Commerce examination.

Post Utme Futa 2022 Commerce Objective / Multiple Choice
Question 6 POST_UTME_FUTA • 2022 • 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. diminishing marginal product
D. increasing marginal product
Correct Answer
B
Correct Option:
increasing marginal opportunity cost

About This Question

This is Post Utme Futa 2022 Commerce Question 6. It is one of the objective questions from the 2022 Post Utme Futa Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support