Indifference curve - Jamb Economics Past Questions and Answers

Question 1:

• JAMB 2019

A demand which gives rise to the reverse of the law of demand is__________

A. Derived demand
B. Joint demand
C. Abnormal demand
D. Composite demand

Question 2:

• JAMB 2019

As indifference curve shows equal level of satisfaction at all points, An isoquant shows equal level of_________

A. Input
B. Commodities
C. Output
D. Factors

Question 3:

• JAMB 2015

All the following are properties of an indifference curves except

A. It can intersect
B. It slopes downward from left to right like that of a normal demand curve
C. As it shift rightward it indicate higher and higher level of satisfaction
D. It does not intersect

Question 4:

• JAMB 1985

At every point on a indifference curve, the

A. Total utility is decreasing
B. Prices of all goods are constant
C. Consumer is satiated
D. Level of utility is constant
E. Level of utility is increasing

Question 5:

• JAMB 2004

In the diagram above, ST is the budget line while l,ll and lll represent indifference curves. A rational consumer will choose to consume at point

A. M
B. J
C. K
D. L