Post Utme Rhema University 2021 Commerce Question 1

Practice objective / multiple choice question 1 from the 2021 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2021 Commerce Objective / Multiple Choice
Question 1 POST_UTME_RHEMA_UNIVERSITY • 2021 • 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 Rhema University 2021 Commerce Question 1. It is one of the objective questions from the 2021 Post Utme Rhema University Commerce examination.

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