Post Utme Unn 2023 Commerce Question 31

Practice objective / multiple choice question 31 from the 2023 Post Utme Unn Commerce examination.

Post Utme Unn 2023 Commerce Objective / Multiple Choice
Question 31 POST_UTME_UNN • 2023 • 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 Unn 2023 Commerce Question 31. It is one of the objective questions from the 2023 Post Utme Unn Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support