Post Utme Abu 2020 Economics Question 1

Practice objective / multiple choice question 1 from the 2020 Post Utme Abu Economics examination.

Post Utme Abu 2020 Economics Objective / Multiple Choice
Question 1 POST_UTME_ABU • 2020 • ECONOMICS • objective

A consumer's indifference curve is downward sloping and convex to the origin. What is the implication of this shape on the consumer's marginal rate of substitution (MRS)?

Answer Options

A. The MRS is cons\tant along the indifference curve.
Correct Answer B. The MRS is decrea\sing along the indifference curve.
C. The MRS is increa\sing along the indifference curve.
D. The MRS is zero along the indifference curve.
Correct Answer
B
Correct Option:
The MRS is decrea\sing along the indifference curve.

About This Question

This is Post Utme Abu 2020 Economics Question 1. It is one of the objective questions from the 2020 Post Utme Abu Economics examination.

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