Post Utme Noun 2018 Economics Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Noun Economics examination.

Post Utme Noun 2018 Economics Objective / Multiple Choice
Question 16 POST_UTME_NOUN • 2018 • ECONOMICS • objective

A consumer's indifference curve is downward sloping. What is the implication of this for the consumer's marginal rate of substitution (MRS)?

Answer Options

A. The MRS is cons\tant
Correct Answer B. The MRS is decrea\sing
C. The MRS is increa\sing
D. The MRS is zero
Correct Answer
B
Correct Option:
The MRS is decrea\sing

About This Question

This is Post Utme Noun 2018 Economics Question 16. It is one of the objective questions from the 2018 Post Utme Noun Economics examination.

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