Post Utme Esut 2024 Economics Question 6

Practice objective / multiple choice question 6 from the 2024 Post Utme Esut Economics examination.

Post Utme Esut 2024 Economics Objective / Multiple Choice

Question 6 POST_UTME_ESUT • 2024 • ECONOMICS • objective

A consumer's indifference curve is downward sloping, but the marginal rate of substitution (MRS) is cons\tant. What is the implication of this for the consumer's preferences?

A. The consumer is risk-averse

Correct Answer B. The consumer is risk-neutral

C. The consumer is risk-loving

D. The consumer's preferences are not well-defined

Correct Answer

Correct Option:

The consumer is risk-neutral

This is Post Utme Esut 2024 Economics Question 6. It is one of the objective questions from the 2024 Post Utme Esut Economics examination.

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