Post Utme Nile University 2018 Economics Question 21

Practice objective / multiple choice question 21 from the 2018 Post Utme Nile University Economics examination.

Post Utme Nile University 2018 Economics Objective / Multiple Choice
Question 21 POST_UTME_NILE_UNIVERSITY • 2018 • ECONOMICS • objective

A consumer's indifference curve is downward sloping because of the law of increa\sing marginal disutility. Which of the following is a correct statement about the law of increa\sing marginal disutility?

Answer Options

Correct Answer A. The law states that as the quantity of a good consumed increases, the marginal utility derived from it decreases.
B. The law states that as the quantity of a good consumed increases, the marginal utility derived from it increases.
C. The law states that as the quantity of a good consumed increases, the marginal utility derived from it remains cons\tant.
D. The law states that as the quantity of a good consumed increases, the marginal utility derived from it first increases and then decreases.
Correct Answer
A
Correct Option:
The law states that as the quantity of a good consumed increases, the marginal utility derived from it decreases.

About This Question

This is Post Utme Nile University 2018 Economics Question 21. It is one of the objective questions from the 2018 Post Utme Nile University Economics examination.

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