Post Utme Nile University 2023 Commerce Question 1

Practice objective / multiple choice question 1 from the 2023 Post Utme Nile University Commerce examination.

Post Utme Nile University 2023 Commerce Objective / Multiple Choice
Question 1 POST_UTME_NILE_UNIVERSITY • 2023 • COMMERCE • objective

In a perfectly competitive market, the law of diminishing marginal utility is most relevant to the production of which of the following goods?

Answer Options

A. Giffen Goods
B. Normal Goods
Correct Answer C. Inferior Goods
D. Superior Goods
Correct Answer
C
Correct Option:
Inferior Goods

About This Question

This is Post Utme Nile University 2023 Commerce Question 1. It is one of the objective questions from the 2023 Post Utme Nile University Commerce examination.

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