Post Utme Ui 2017 Commerce Question 39

Practice objective / multiple choice question 39 from the 2017 Post Utme Ui Commerce examination.

Post Utme Ui 2017 Commerce Objective / Multiple Choice
Question 39 POST_UTME_UI • 2017 • 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 Ui 2017 Commerce Question 39. It is one of the objective questions from the 2017 Post Utme Ui Commerce examination.

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