Post Utme Ksu 2019 Commerce Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Ksu Commerce examination.

Post Utme Ksu 2019 Commerce Objective / Multiple Choice

Question 16 POST_UTME_KSU • 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 primary reason for this downward slope?

A. The law of diminishing marginal utility

Correct Answer B. The law of increasing marginal opportunity cost

C. The law of supply and demand

D. The law of diminishing returns

Correct Answer

Correct Option:

The law of increasing marginal opportunity cost

This is Post Utme Ksu 2019 Commerce Question 16. It is one of the objective questions from the 2019 Post Utme Ksu Commerce examination.

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