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UI Post-UTME Economics 2023 (Model questions) Question 22

Question 22

Theory of Consumer Behaviour

The shape of MU curve conforms to which of the following

  1. A.positive slope
  2. B.negative slope
  3. C.parallel to x-axis
  4. D.parallel to y-axis
Show the answer and explanation

Answer: B (negative slope)

Explanation

Marginal utility falls as more units are consumed, so the MU curve slopes downward.