Post Utme Igbinedion University 2017 Economics Question 6

Practice objective / multiple choice question 6 from the 2017 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2017 Economics Objective / Multiple Choice

Question 6 POST_UTME_IGBINEDION_UNIVERSITY • 2017 • ECONOMICS • objective

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

Answer Options

A. The consumer is risk-averse.

Correct Answer B. The consumer is risk-neutral.

C. The consumer is risk-loving.

D. The consumer is indifferent to risk.

Correct Answer

Correct Option:

The consumer is risk-neutral.

About This Question

This is Post Utme Igbinedion University 2017 Economics Question 6. It is one of the objective questions from the 2017 Post Utme Igbinedion University Economics examination.

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