Post Utme Al Hikmah University 2022 Economics Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2022 Economics Objective / Multiple Choice

Question 11 POST_UTME_AL-HIKMAH_UNIVERSITY • 2022 • 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 utility function?

Answer Options

A. The consumer's utility function is linear.

B. The consumer's utility function is concave.

Correct Answer C. The consumer's utility function is convex.

D. The consumer's utility function is homogeneous of degree one.

Correct Answer

Correct Option:

The consumer's utility function is convex.

About This Question

This is Post Utme Al Hikmah University 2022 Economics Question 11. It is one of the objective questions from the 2022 Post Utme Al Hikmah University Economics examination.

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