Post Utme Mountain Top University 2019 Economics Question 1

Practice objective / multiple choice question 1 from the 2019 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2019 Economics Objective / Multiple Choice

Question 1 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2019 • ECONOMICS • objective

A consumer's indifference curve is downward sloping, but 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 Mountain Top University 2019 Economics Question 1. It is one of the objective questions from the 2019 Post Utme Mountain Top University Economics examination.

View More Post Utme Mountain Top University 2019 Economics Questions More Post Utme Mountain Top University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support