Post Utme Rsu 2025 Commerce Question 21

Practice objective / multiple choice question 21 from the 2025 Post Utme Rsu Commerce examination.

Post Utme Rsu 2025 Commerce Objective / Multiple Choice
Question 21 POST_UTME_RSU • 2025 • COMMERCE • objective

In a perfectly competitive market, the law of diminishing marginal returns is most likely to occur in the production of which of the following goods?

Answer Options

A. A luxury good
Correct Answer B. A necessity good
C. A public good
D. A private good
Correct Answer
B
Correct Option:
A necessity good

About This Question

This is Post Utme Rsu 2025 Commerce Question 21. It is one of the objective questions from the 2025 Post Utme Rsu 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