Post Utme Bsu 2018 Economics Question 5

Practice objective / multiple choice question 5 from the 2018 Post Utme Bsu Economics examination.

Post Utme Bsu 2018 Economics Objective / Multiple Choice
Question 5 POST_UTME_BSU • 2018 • ECONOMICS • objective

A consumer's utility function is a mathematical representation of the satisfaction derived from consuming a good or service. Which of the following is a characteristic of a consumer's utility function?

Answer Options

A. It is always increa\sing.
B. It is always decrea\sing.
Correct Answer C. It is U-shaped.
D. It is V-shaped.
Correct Answer
C
Correct Option:
It is U-shaped.

About This Question

This is Post Utme Bsu 2018 Economics Question 5. It is one of the objective questions from the 2018 Post Utme Bsu Economics examination.

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