Post Utme Christopher University 2022 Economics Question 1

Practice objective / multiple choice question 1 from the 2022 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2022 Economics Objective / Multiple Choice

Question 1 POST_UTME_CHRISTOPHER_UNIVERSITY • 2022 • ECONOMICS • objective

A consumer's indifference curves are convex to the origin. What does this imply about the consumer's preferences?

Answer Options

Correct Answer A. The consumer is risk-averse.

B. The consumer is risk-loving.

C. The consumer is indifferent to risk.

D. The consumer is uncertain about risk.

Correct Answer

Correct Option:

The consumer is risk-averse.

About This Question

This is Post Utme Christopher University 2022 Economics Question 1. It is one of the objective questions from the 2022 Post Utme Christopher University Economics examination.

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