Post Utme Unilorin 2024 Economics Question 21

Practice objective / multiple choice question 21 from the 2024 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2024 Economics Objective / Multiple Choice

Question 21 POST_UTME_UNILORIN • 2024 • ECONOMICS • objective

A perfectly competitive firm's supply curve is upward-sloping because of the law of increa\sing

Answer Options

Correct Answer A. diminishing returns

B. increa\sing \costs

C. decrea\sing marginal revenue

D. cons\tant returns to scale

Correct Answer

Correct Option:

diminishing returns

About This Question

This is Post Utme Unilorin 2024 Economics Question 21. It is one of the objective questions from the 2024 Post Utme Unilorin Economics examination.

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