Post Utme Ui 2019 Commerce Question 1

Practice objective / multiple choice question 1 from the 2019 Post Utme Ui Commerce examination.

Post Utme Ui 2019 Commerce Objective / Multiple Choice
Question 1 POST_UTME_UI • 2019 • 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. marginal utility
C. opportunity cost
D. law of supply
Correct Answer
A
Correct Option:
diminishing returns

About This Question

This is Post Utme Ui 2019 Commerce Question 1. It is one of the objective questions from the 2019 Post Utme Ui Commerce examination.

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