Post Utme Bowen University 2020 Economics Question 11

Practice objective / multiple choice question 11 from the 2020 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2020 Economics Objective / Multiple Choice
Question 11 POST_UTME_BOWEN_UNIVERSITY • 2020 • ECONOMICS • objective

A consumer's indifference curve is steeper than another consumer's indifference curve. What can be concluded about the two consumers?

Answer Options

A. The first consumer is more risk-averse.
B. The first consumer has a higher income.
C. The first consumer has a higher marginal rate of substitution.
Correct Answer D. The first consumer has a lower marginal rate of substitution.
Correct Answer
D
Correct Option:
The first consumer has a lower marginal rate of substitution.

About This Question

This is Post Utme Bowen University 2020 Economics Question 11. It is one of the objective questions from the 2020 Post Utme Bowen University Economics examination.

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