Post Utme Eksu 2021 Economics Question 20

Practice objective / multiple choice question 20 from the 2021 Post Utme Eksu Economics examination.

Post Utme Eksu 2021 Economics Objective / Multiple Choice
Question 20 POST_UTME_EKSU • 2021 • ECONOMICS • objective

A consumer's indifference curve is given by the equation u(x,y) = 2x + 3y. What is the primary implication of this on the consumer's behavior?

Answer Options

A. The consumer is a risk-averse individual.
Correct Answer B. The consumer is a risk-neutral individual.
C. The consumer is a risk-loving individual.
D. The consumer's behavior is unaffected by the indifference curve.
Correct Answer
B
Correct Option:
The consumer is a risk-neutral individual.

About This Question

This is Post Utme Eksu 2021 Economics Question 20. It is one of the objective questions from the 2021 Post Utme Eksu Economics examination.

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