Post Utme Coal City University 2022 Economics Question 7

Practice objective / multiple choice question 7 from the 2022 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2022 Economics Objective / Multiple Choice

Question 7 POST_UTME_COAL_CITY_UNIVERSITY • 2022 • ECONOMICS • objective

A consumer's indifference curve is steeper than another consumer's indifference curve. What does this imply about the two consumers' preferences?

Answer Options

A. The first consumer is more risk-averse than the second consumer.

Correct Answer B. The first consumer is more risk-seeking than the second consumer.

C. The first consumer prefers a more diverse basket of goods than the second consumer.

D. The first consumer prefers a less diverse basket of goods than the second consumer.

Correct Answer

Correct Option:

The first consumer is more risk-seeking than the second consumer.

About This Question

This is Post Utme Coal City University 2022 Economics Question 7. It is one of the objective questions from the 2022 Post Utme Coal City University Economics examination.

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