Post Utme Ksu 2017 Economics Question 6

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

Post Utme Ksu 2017 Economics Objective / Multiple Choice
Question 6 POST_UTME_KSU • 2017 • ECONOMICS • objective

A consumer's indifference curve is downward sloping and convex to the origin. What does this imply about 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
B
Correct Option:
The consumer is risk-neutral.

About This Question

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

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