Post Utme Redeemers University 2022 Commerce Question 38

Practice objective / multiple choice question 38 from the 2022 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2022 Commerce Objective / Multiple Choice
Question 38 POST_UTME_REDEEMERS_UNIVERSITY • 2022 • 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. Giffen goods
B. Normal goods
Correct Answer C. Inferior goods
D. Veblen goods
Correct Answer
C
Correct Option:
Inferior goods

About This Question

This is Post Utme Redeemers University 2022 Commerce Question 38. It is one of the objective questions from the 2022 Post Utme Redeemers University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support