Post Utme Uniosun 2018 Economics Question 27

Practice objective / multiple choice question 27 from the 2018 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2018 Economics Objective / Multiple Choice
Question 27 POST_UTME_UNIOSUN • 2018 • ECONOMICS • objective

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

Answer Options

A. The first consumer is more risk-averse than the second consumer.
B. The first consumer is more risk-seeking than the second consumer.
C. The first consumer prefers a more varied diet than the second consumer.
Correct Answer D. The first consumer prefers a less varied diet than the second consumer.
Correct Answer
D
Correct Option:
The first consumer prefers a less varied diet than the second consumer.

About This Question

This is Post Utme Uniosun 2018 Economics Question 27. It is one of the objective questions from the 2018 Post Utme Uniosun Economics examination.

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