Post Utme Aaua 2018 Economics Question 26

Practice objective / multiple choice question 26 from the 2018 Post Utme Aaua Economics examination.

Post Utme Aaua 2018 Economics Objective / Multiple Choice
Question 26 POST_UTME_AAUA • 2018 • ECONOMICS • objective

A consumer's indifference curve is steeper than another consumer's indifference curve. Which of the following statements is true?

Answer Options

A. The first consumer is more risk-averse.
B. The first consumer has a higher income.
C. The first consumer has a higher marginal rate of substitution.
Correct Answer D. The first consumer has a lower marginal rate of substitution.
Correct Answer
D
Correct Option:
The first consumer has a lower marginal rate of substitution.

About This Question

This is Post Utme Aaua 2018 Economics Question 26. It is one of the objective questions from the 2018 Post Utme Aaua Economics examination.

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