Post Utme Lead City University 2019 Economics Question 17

Practice objective / multiple choice question 17 from the 2019 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2019 Economics Objective / Multiple Choice
Question 17 POST_UTME_LEAD_CITY_UNIVERSITY • 2019 • ECONOMICS • objective

A consumer's indifference curve is steeper than another consumer's indifference curve. What can be inferred about the two consumers?

Answer Options

A. The first consumer is more risk-averse than the second consumer.
B. The first consumer has a higher marginal utility of income than the second consumer.
Correct Answer C. The first consumer has a lower marginal utility of income than the second consumer.
D. The first consumer is more risk-loving than the second consumer.
Correct Answer
C
Correct Option:
The first consumer has a lower marginal utility of income than the second consumer.

About This Question

This is Post Utme Lead City University 2019 Economics Question 17. It is one of the objective questions from the 2019 Post Utme Lead City University Economics examination.

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