Post Utme Pan Atlantic University 2017 Commerce Question 15

Practice objective / multiple choice question 15 from the 2017 Post Utme Pan Atlantic University Commerce examination.

Post Utme Pan Atlantic University 2017 Commerce Objective / Multiple Choice
Question 15 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2017 • COMMERCE • objective

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

Answer Options

A. Law of Diminishing Marginal Utility
Correct Answer B. Law of Increasing Marginal Opportunity Cost
C. Law of Diminishing Returns
D. Law of Constant Opportunity Cost
Correct Answer
B
Correct Option:
Law of Increasing Marginal Opportunity Cost

About This Question

This is Post Utme Pan Atlantic University 2017 Commerce Question 15. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Commerce examination.

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