Post Utme Crawford University 2023 Economics Question 1

Practice objective / multiple choice question 1 from the 2023 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2023 Economics Objective / Multiple Choice

Question 1 POST_UTME_CRAWFORD_UNIVERSITY • 2023 • ECONOMICS • objective

A consumer's indifference curve is downward sloping and convex to the origin. What is the implication of this shape?

Answer Options

Correct Answer A. The consumer is risk-averse.

B. The consumer is risk-neutral.

C. The consumer is risk-loving.

D. The consumer is indifferent to risk.

Correct Answer

Correct Option:

The consumer is risk-averse.

About This Question

This is Post Utme Crawford University 2023 Economics Question 1. It is one of the objective questions from the 2023 Post Utme Crawford University Economics examination.

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