Post Utme Pan Atlantic University 2018 Commerce Question 6

Practice objective / multiple choice question 6 from the 2018 Post Utme Pan Atlantic University Commerce examination.

Post Utme Pan Atlantic University 2018 Commerce Objective / Multiple Choice
Question 6 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2018 • COMMERCE • objective

In a perfectly competitive market, the supply curve is upward-sloping because of the law of increasing costs. What is the primary reason for this upward-sloping supply curve?

Answer Options

Correct Answer A. Increasing marginal costs
B. Decreasing marginal revenue
C. Fixed costs
D. Opportunity costs
Correct Answer
A
Correct Option:
Increasing marginal costs

About This Question

This is Post Utme Pan Atlantic University 2018 Commerce Question 6. It is one of the objective questions from the 2018 Post Utme Pan Atlantic University Commerce examination.

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