Post Utme Greenfield University 2025 Commerce Question 11

Practice objective / multiple choice question 11 from the 2025 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2025 Commerce Objective / Multiple Choice
Question 11 POST_UTME_GREENFIELD_UNIVERSITY • 2025 • COMMERCE • objective

In a perfectly competitive market, the law of diminishing marginal utility leads to a decrease in the marginal revenue product of a firm's inputs. What is the effect on the firm's production level?

Answer Options

A. Increase
Correct Answer B. Decrease
C. No change
D. Irrelevant
Correct Answer
B
Correct Option:
Decrease

About This Question

This is Post Utme Greenfield University 2025 Commerce Question 11. It is one of the objective questions from the 2025 Post Utme Greenfield University Commerce examination.

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