Post Utme Lasu 2024 Commerce Question 1

Practice objective / multiple choice question 1 from the 2024 Post Utme Lasu Commerce examination.

Post Utme Lasu 2024 Commerce Objective / Multiple Choice
Question 1 POST_UTME_LASU • 2024 • 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. marginal utility
C. opportunity cost
D. law of supply
Correct Answer
A
Correct Option:
diminishing returns

About This Question

This is Post Utme Lasu 2024 Commerce Question 1. It is one of the objective questions from the 2024 Post Utme Lasu Commerce examination.

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