Post Utme Bells University 2019 Economics Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Bells University Economics examination.

Post Utme Bells University 2019 Economics Objective / Multiple Choice
Question 2 POST_UTME_BELLS_UNIVERSITY • 2019 • ECONOMICS • objective

A consumer's indifference curve is downward sloping and convex to the origin. What is the nature of the consumer's preferences?

Answer Options

A. Cardinal Utility
Correct Answer B. Ordinal Utility
C. Diminishing Marginal Utility
D. Increa\sing Marginal Utility
Correct Answer
B
Correct Option:
Ordinal Utility

About This Question

This is Post Utme Bells University 2019 Economics Question 2. It is one of the objective questions from the 2019 Post Utme Bells University Economics examination.

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