Post Utme Rsu 2019 Economics Question 6

Practice objective / multiple choice question 6 from the 2019 Post Utme Rsu Economics examination.

Post Utme Rsu 2019 Economics Objective / Multiple Choice
Question 6 POST_UTME_RSU • 2019 • ECONOMICS • objective

A consumer's indifference curve is downward sloping and convex to the origin. What is the implication of this shape on the consumer's marginal rate of substitution (MRS)?

Answer Options

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

About This Question

This is Post Utme Rsu 2019 Economics Question 6. It is one of the objective questions from the 2019 Post Utme Rsu Economics examination.

View More Post Utme Rsu 2019 Economics Questions More Post Utme Rsu 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