Post Utme Bowen University 2017 Commerce Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2017 Commerce Objective / Multiple Choice
Question 4 POST_UTME_BOWEN_UNIVERSITY • 2017 • COMMERCE • objective

A consumer's indifference curve is a graphical representation of the various combinations of two goods that the consumer is equally willing to give up in order to obtain one more unit of the other good. The indifference curve is typically upward-sloping because of the law of

Answer Options

Correct Answer A. Diminishing Marginal Utility
B. Increasing Marginal Utility
C. Diminishing Returns
D. Increasing Returns
Correct Answer
A
Correct Option:
Diminishing Marginal Utility

About This Question

This is Post Utme Bowen University 2017 Commerce Question 4. It is one of the objective questions from the 2017 Post Utme Bowen University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support