Post Utme Uniben 2018 Commerce Question 1

Practice objective / multiple choice question 1 from the 2018 Post Utme Uniben Commerce examination.

Post Utme Uniben 2018 Commerce Objective / Multiple Choice
Question 1 POST_UTME_UNIBEN • 2018 • COMMERCE • objective

In a perfectly competitive market, the law of supply states that the quantity of a good that producers are willing to supply at each price level is determined by the?

Answer Options

A. Marginal Cost
Correct Answer B. Marginal Revenue
C. Opportunity Cost
D. Fixed Cost
Correct Answer
B
Correct Option:
Marginal Revenue

About This Question

This is Post Utme Uniben 2018 Commerce Question 1. It is one of the objective questions from the 2018 Post Utme Uniben Commerce examination.

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