Post Utme Bsu 2021 Economics Question 31

Practice objective / multiple choice question 31 from the 2021 Post Utme Bsu Economics examination.

Post Utme Bsu 2021 Economics Objective / Multiple Choice
Question 31 POST_UTME_BSU • 2021 • ECONOMICS • objective

A consumer's indifference curve is downward sloping and convex to the origin. What is the implication of this shape for the consumer's marginal rate of substitution (MRS)?

Answer Options

A. The MRS is cons\tant
B. The MRS is increa\sing
Correct Answer C. The MRS is decrea\sing
D. The MRS is zero
Correct Answer
C
Correct Option:
The MRS is decrea\sing

About This Question

This is Post Utme Bsu 2021 Economics Question 31. It is one of the objective questions from the 2021 Post Utme Bsu Economics examination.

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