Post Utme Redeemers University 2024 Economics Question 21

Practice objective / multiple choice question 21 from the 2024 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2024 Economics Objective / Multiple Choice

Question 21 POST_UTME_REDEEMERS_UNIVERSITY • 2024 • ECONOMICS • objective

A perfectly competitive firm's supply curve is upward-sloping because of the law of increa\sing

Answer Options

Correct Answer A. diminishing marginal returns

B. increa\sing opportunity \costs

C. decrea\sing marginal \costs

D. cons\tant returns to scale

Correct Answer

Correct Option:

diminishing marginal returns

About This Question

This is Post Utme Redeemers University 2024 Economics Question 21. It is one of the objective questions from the 2024 Post Utme Redeemers University Economics examination.

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