Post Utme Ksu 2018 Economics Question 6

Practice objective / multiple choice question 6 from the 2018 Post Utme Ksu Economics examination.

Post Utme Ksu 2018 Economics Objective / Multiple Choice
Question 6 POST_UTME_KSU • 2018 • 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 utility function?

Answer Options

A. The utility function is linear.
B. The utility function is concave.
Correct Answer C. The utility function is convex.
D. The utility function is homogeneous of degree one.
Correct Answer
C
Correct Option:
The utility function is convex.

About This Question

This is Post Utme Ksu 2018 Economics Question 6. It is one of the objective questions from the 2018 Post Utme Ksu Economics examination.

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