Post Utme Futo 2024 Economics Question 31

Practice objective / multiple choice question 31 from the 2024 Post Utme Futo Economics examination.

Post Utme Futo 2024 Economics Objective / Multiple Choice
Question 31 POST_UTME_FUTO • 2024 • 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 Futo 2024 Economics Question 31. It is one of the objective questions from the 2024 Post Utme Futo Economics examination.

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