Post Utme Redeemers University 2024 Commerce Question 1

Practice objective / multiple choice question 1 from the 2024 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2024 Commerce Objective / Multiple Choice
Question 1 POST_UTME_REDEEMERS_UNIVERSITY • 2024 • COMMERCE • objective

In a perfectly competitive market, the supply curve is downward sloping because of the law of increasing

Answer Options

Correct Answer A. marginal opportunity cost
B. marginal utility
C. marginal benefit
D. marginal revenue
Correct Answer
A
Correct Option:
marginal opportunity cost

About This Question

This is Post Utme Redeemers University 2024 Commerce Question 1. It is one of the objective questions from the 2024 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