Post Utme Afe Babalola University 2021 Economics Question 6

Practice objective / multiple choice question 6 from the 2021 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2021 Economics Objective / Multiple Choice

Question 6 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2021 • ECONOMICS • objective

A consumer's indifference curve is downward sloping. What does this imply about the consumer's marginal rate of substitution (MRS) between two goods?

Answer Options

A. The MRS is cons\tant.

Correct Answer B. The MRS is decrea\sing.

C. The MRS is increa\sing.

D. The MRS is zero.

Correct Answer

Correct Option:

The MRS is decrea\sing.

About This Question

This is Post Utme Afe Babalola University 2021 Economics Question 6. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Economics examination.

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