Post Utme Bsu 2018 Economics Question 26

Practice objective / multiple choice question 26 from the 2018 Post Utme Bsu Economics examination.

Post Utme Bsu 2018 Economics Objective / Multiple Choice
Question 26 POST_UTME_BSU • 2018 • ECONOMICS • objective

A consumer's indifference curve is downward sloping. What is the implication of this for the consumer's utility function?

Answer Options

Correct Answer A. The consumer's utility function is concave.
B. The consumer's utility function is convex.
C. The consumer's utility function is linear.
D. The consumer's utility function is quadratic.
Correct Answer
A
Correct Option:
The consumer's utility function is concave.

About This Question

This is Post Utme Bsu 2018 Economics Question 26. It is one of the objective questions from the 2018 Post Utme Bsu Economics examination.

View More Post Utme Bsu 2018 Economics Questions More Post Utme Bsu Practice Questions Back to Questions

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