Post Utme Greenfield University 2025 Economics Question 13

Practice objective / multiple choice question 13 from the 2025 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2025 Economics Objective / Multiple Choice
Question 13 POST_UTME_GREENFIELD_UNIVERSITY • 2025 • ECONOMICS • objective

A consumer's indifference curve is a graphical representation of the various combinations of two goods that yield the same level of satisfaction. What is the term for the slope of the indifference curve?

Answer Options

Correct Answer A. Marginal rate of substitution
B. Marginal rate of transformation
C. Marginal utility
D. Opportunity \cost
Correct Answer
A
Correct Option:
Marginal rate of substitution

About This Question

This is Post Utme Greenfield University 2025 Economics Question 13. It is one of the objective questions from the 2025 Post Utme Greenfield University Economics examination.

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