Post Utme Pan Atlantic University 2017 Commerce Question 13

Practice objective / multiple choice question 13 from the 2017 Post Utme Pan Atlantic University Commerce examination.

Post Utme Pan Atlantic University 2017 Commerce Objective / Multiple Choice

Question 13 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2017 • COMMERCE • objective

A consumer's demand curve is downward sloping because of the law of diminishing marginal utility. What is the name of this law?

Answer Options

Correct Answer A. Law of Diminishing Marginal Utility

B. Law of Increasing Marginal Opportunity Cost

C. Law of Diminishing Returns

D. Law of Constant Opportunity Cost

Correct Answer

Correct Option:

Law of Diminishing Marginal Utility

About This Question

This is Post Utme Pan Atlantic University 2017 Commerce Question 13. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Commerce examination.

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