Post Utme Rhema University 2017 Economics Question 22

Practice objective / multiple choice question 22 from the 2017 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2017 Economics Objective / Multiple Choice
Question 22 POST_UTME_RHEMA_UNIVERSITY • 2017 • ECONOMICS • objective

A consumer's indifference curve is steeper than another consumer's indifference curve. What does this imply about the two consumers?

Answer Options

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

About This Question

This is Post Utme Rhema University 2017 Economics Question 22. It is one of the objective questions from the 2017 Post Utme Rhema University Economics examination.

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