Post Utme Eksu 2023 Commerce Question 3

Practice objective / multiple choice question 3 from the 2023 Post Utme Eksu Commerce examination.

Post Utme Eksu 2023 Commerce Objective / Multiple Choice
Question 3 POST_UTME_EKSU • 2023 • COMMERCE • objective

A consumer has an indifference curve map with the following indifference curves: I_1, I_2, I_3, I_4. If the consumer is currently at point A on I_1 and moves to point B on I_2, what is the consumer's marginal rate of substitution?

Answer Options

A. 1/2
Correct Answer B. 1
C. 2
D. 3
Correct Answer
B
Correct Option:
1

About This Question

This is Post Utme Eksu 2023 Commerce Question 3. It is one of the objective questions from the 2023 Post Utme Eksu Commerce examination.

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