Post Utme Wellspring University 2018 Commerce Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2018 Commerce Objective / Multiple Choice
Question 16 POST_UTME_WELLSPRING_UNIVERSITY • 2018 • 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

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 Wellspring University 2018 Commerce Question 16. It is one of the objective questions from the 2018 Post Utme Wellspring University Commerce examination.

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