Post Utme Summit University 2017 Commerce Question 6

Practice objective / multiple choice question 6 from the 2017 Post Utme Summit University Commerce examination.

Post Utme Summit University 2017 Commerce Objective / Multiple Choice

Question 6 POST_UTME_SUMMIT_UNIVERSITY • 2017 • COMMERCE • objective

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

Answer Options

Correct Answer A. diminishing returns

B. increasing opportunity costs

C. decreasing marginal utility

D. constant returns to scale

Correct Answer

Correct Option:

diminishing returns

About This Question

This is Post Utme Summit University 2017 Commerce Question 6. It is one of the objective questions from the 2017 Post Utme Summit University Commerce examination.

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