Post Utme Esut 2018 Commerce Question 8

Practice objective / multiple choice question 8 from the 2018 Post Utme Esut Commerce examination.

Post Utme Esut 2018 Commerce Objective / Multiple Choice

Question 8 POST_UTME_ESUT • 2018 • COMMERCE • objective

A consumer's indifference curve is downward-sloping because the consumer is willing to give up more of one good in order to get more of another good. Explain why this is the case.

Correct Answer A. Because the consumer's marginal utility of one good decreases as the quantity consumed increases.

B. Because the consumer's marginal utility of one good increases as the quantity consumed increases.

C. Because the consumer's marginal utility of one good remains constant as the quantity consumed increases.

D. Because the consumer's marginal utility of one good is zero as the quantity consumed increases.

Correct Answer

Correct Option:

Because the consumer's marginal utility of one good decreases as the quantity consumed increases.

This is Post Utme Esut 2018 Commerce Question 8. It is one of the objective questions from the 2018 Post Utme Esut Commerce examination.

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