Post Utme Uniben 2024 Economics Question 36

Practice objective / multiple choice question 36 from the 2024 Post Utme Uniben Economics examination.

Post Utme Uniben 2024 Economics Objective / Multiple Choice
Question 36 POST_UTME_UNIBEN • 2024 • 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 zero
Correct Answer
C
Correct Option:
The MRS is decrea\sing

About This Question

This is Post Utme Uniben 2024 Economics Question 36. It is one of the objective questions from the 2024 Post Utme Uniben Economics examination.

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