Post Utme Summit University 2025 Commerce Question 1

Practice objective / multiple choice question 1 from the 2025 Post Utme Summit University Commerce examination.

Post Utme Summit University 2025 Commerce Objective / Multiple Choice
Question 1 POST_UTME_SUMMIT_UNIVERSITY • 2025 • COMMERCE • objective

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

Answer Options

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

About This Question

This is Post Utme Summit University 2025 Commerce Question 1. It is one of the objective questions from the 2025 Post Utme Summit University Commerce examination.

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