Post Utme Rhema University 2021 Economics Question 6

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

Post Utme Rhema University 2021 Economics Objective / Multiple Choice
Question 6 POST_UTME_RHEMA_UNIVERSITY • 2021 • ECONOMICS • objective

A consumer's indifference curve is steeper than another consumer's indifference curve. What can be concluded about the two consumers?

Answer Options

A. The first consumer has a higher marginal rate of substitution than the second consumer.
Correct Answer B. The first consumer has a lower marginal rate of substitution 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 has a lower marginal rate of substitution than the second consumer.

About This Question

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

View More Post Utme Rhema University 2021 Economics Questions More Post Utme Rhema 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