Post Utme Wellspring University 2018 Economics Question 11

Practice objective / multiple choice question 11 from the 2018 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2018 Economics Objective / Multiple Choice
Question 11 POST_UTME_WELLSPRING_UNIVERSITY • 2018 • ECONOMICS • objective

In a perfectly competitive market, the supply curve is upward-sloping because of the law of increa\sing

Answer Options

A. diminishing returns
B. increa\sing \costs
C. decrea\sing marginal revenue
Correct Answer D. increa\sing marginal \cost
Correct Answer
D
Correct Option:
increa\sing marginal \cost

About This Question

This is Post Utme Wellspring University 2018 Economics Question 11. It is one of the objective questions from the 2018 Post Utme Wellspring University Economics examination.

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