Post Utme Delsu 2018 Economics Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Delsu Economics examination.

Post Utme Delsu 2018 Economics Objective / Multiple Choice

Question 16 POST_UTME_DELSU • 2018 • ECONOMICS • objective

A consumer's indifference curve is downward sloping because of the law of increa\sing marginal opportunity \cost. What is the opportunity \cost of consuming an additional unit of good X?

Correct Answer A. The opportunity \cost is the amount of good Y that must be given up to consume an additional unit of good X.

B. The opportunity \cost is the amount of good X that must be given up to consume an additional unit of good X.

C. The opportunity \cost is the amount of good Y that must be consumed to consume an additional unit of good X.

D. The opportunity \cost is the amount of good X that must be consumed to consume an additional unit of good X.

Correct Answer

Correct Option:

The opportunity \cost is the amount of good Y that must be given up to consume an additional unit of good X.

This is Post Utme Delsu 2018 Economics Question 16. It is one of the objective questions from the 2018 Post Utme Delsu Economics examination.

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