Post Utme Eksu 2021 Economics Question 6

Practice objective / multiple choice question 6 from the 2021 Post Utme Eksu Economics examination.

Post Utme Eksu 2021 Economics Objective / Multiple Choice
Question 6 POST_UTME_EKSU • 2021 • ECONOMICS • objective

A consumer's indifference curve is downward sloping and convex to the origin. What is the implication of this shape on the consumer's marginal rate of substitution (MRS)?

Answer Options

A. The MRS is cons\tant
Correct Answer B. The MRS is decrea\sing
C. The MRS is increa\sing
D. The MRS is zero
Correct Answer
B
Correct Option:
The MRS is decrea\sing

About This Question

This is Post Utme Eksu 2021 Economics Question 6. It is one of the objective questions from the 2021 Post Utme Eksu Economics examination.

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