Post Utme Caleb University 2018 Economics Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2018 Economics Objective / Multiple Choice
Question 22 POST_UTME_CALEB_UNIVERSITY • 2018 • 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 is more risk-loving
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 Caleb University 2018 Economics Question 22. It is one of the objective questions from the 2018 Post Utme Caleb University Economics examination.

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