Post Utme Joseph Ayo Babalola University 2017 Economics Question 21

Practice objective / multiple choice question 21 from the 2017 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2017 Economics Objective / Multiple Choice
Question 21 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2017 • 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
B. The MRS is increa\sing
Correct Answer C. The MRS is decrea\sing
D. The MRS is zero
Correct Answer
C
Correct Option:
The MRS is decrea\sing

About This Question

This is Post Utme Joseph Ayo Babalola University 2017 Economics Question 21. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Economics examination.

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