Post Utme Nile University 2025 Commerce Question 36

Practice objective / multiple choice question 36 from the 2025 Post Utme Nile University Commerce examination.

Post Utme Nile University 2025 Commerce Objective / Multiple Choice
Question 36 POST_UTME_NILE_UNIVERSITY • 2025 • 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. Necessities
Correct Answer B. Luxuries
C. Giffen Goods
D. Veblen Goods
Correct Answer
B
Correct Option:
Luxuries

About This Question

This is Post Utme Nile University 2025 Commerce Question 36. It is one of the objective questions from the 2025 Post Utme Nile University Commerce examination.

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