Post Utme Pan Atlantic University 2021 Geography Question 6

Practice objective / multiple choice question 6 from the 2021 Post Utme Pan Atlantic University Geography examination.

Post Utme Pan Atlantic University 2021 Geography Objective / Multiple Choice
Question 6 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2021 • GEOGRAPHY • objective

In a perfectly competitive market, the supply curve is downward-sloping because of the law of increasing marginal opportunity cost. What is the marginal opportunity cost?

Answer Options

Correct Answer A. Marginal cost
B. Marginal revenue
C. Average variable cost
D. Average fixed cost
Correct Answer
A
Correct Option:
Marginal cost

About This Question

This is Post Utme Pan Atlantic University 2021 Geography Question 6. It is one of the objective questions from the 2021 Post Utme Pan Atlantic University Geography examination.

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