Post Utme Oau 2021 Economics Question 6

Practice objective / multiple choice question 6 from the 2021 Post Utme Oau Economics examination.

Post Utme Oau 2021 Economics Objective / Multiple Choice
Question 6 POST_UTME_OAU • 2021 • ECONOMICS • objective

A consumer's indifference curve is downward sloping, convex to the origin, and has a negative slope. What is the implication of this shape on the consumer's utility function?

Answer Options

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

About This Question

This is Post Utme Oau 2021 Economics Question 6. It is one of the objective questions from the 2021 Post Utme Oau Economics examination.

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