Utme 2020 Economics Question 15

Practice objective / multiple choice question 15 from the 2020 Utme Economics examination. This question covers Economics .

Utme 2020 Economics Objective / Multiple Choice 2 Difficulty

Topic: Economics

Question 15 UTME • 2020 • ECONOMICS • objective

If the marginal utility of good X exceeds that of good Y, this implies that

Correct Answer A. consuming more of X will increase total utility

B. Y is an inferior good

C. X will be cheaper than Y

D. a rational consumer will buy less of X

Correct Answer

Correct Option:

consuming more of X will increase total utility

This is Utme 2020 Economics Question 15. It is one of the objective questions from the 2020 Utme Economics examination.

The question covers Economics .

Difficulty level: 2 .

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