Post Utme Ims U 2021 Commerce Question 1

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

Post Utme Ims U 2021 Commerce Objective / Multiple Choice
Question 1 POST_UTME_IMS_U • 2021 • COMMERCE • objective

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

Answer Options

Correct Answer A. Diminishing Returns
B. Increasing Opportunity Cost
C. Law of Supply
D. Marginal Revenue
Correct Answer
A
Correct Option:
Diminishing Returns

About This Question

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

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