Post Utme Veritas University 2022 Commerce Question 1

Practice objective / multiple choice question 1 from the 2022 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2022 Commerce Objective / Multiple Choice
Question 1 POST_UTME_VERITAS_UNIVERSITY • 2022 • COMMERCE • objective

In a perfectly competitive market, the law of diminishing marginal utility implies that as the quantity of a good increases, the marginal utility of each additional unit of the good

Answer Options

Correct Answer A. decreases
B. remains constant
C. increases
D. becomes negative
Correct Answer
A
Correct Option:
decreases

About This Question

This is Post Utme Veritas University 2022 Commerce Question 1. It is one of the objective questions from the 2022 Post Utme Veritas University Commerce examination.

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