Post Utme Wellspring University 2020 Commerce Question 11

Practice objective / multiple choice question 11 from the 2020 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2020 Commerce Objective / Multiple Choice
Question 11 POST_UTME_WELLSPRING_UNIVERSITY • 2020 • COMMERCE • objective

In a perfectly competitive market, the law of diminishing marginal utility is most relevant to the production of which of the following goods?

Answer Options

A. Giffen Goods
B. Normal Goods
Correct Answer C. Inferior Goods
D. Superior Goods
Correct Answer
C
Correct Option:
Inferior Goods

About This Question

This is Post Utme Wellspring University 2020 Commerce Question 11. It is one of the objective questions from the 2020 Post Utme Wellspring University Commerce examination.

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