Post Utme Lasu 2017 Economics Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Lasu Economics examination.

Post Utme Lasu 2017 Economics Objective / Multiple Choice
Question 4 POST_UTME_LASU • 2017 • ECONOMICS • objective

The opportunity \cost of producing one more unit of a good is equal to the marginal \cost of producing that good. This is an example of which economic concept?

Answer Options

Correct Answer A. Law of Diminishing Returns
B. Law of Increa\sing Opportunity Cost
C. Law of Diminishing Marginal Utility
D. Law of Increa\sing Marginal Utility
Correct Answer
A
Correct Option:
Law of Diminishing Returns

About This Question

This is Post Utme Lasu 2017 Economics Question 4. It is one of the objective questions from the 2017 Post Utme Lasu Economics examination.

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