JAMB Economics 2022 Objective — Question 33

Question 33 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2022 Objective paper, with the correct answer and a full explanation.

33. At every point on an indifference curve, the

A. (A) total utility is decreasing
B. (B) prices of all goods are constant
C. (C) consumer is satiated
D. (D) total utility is constantCorrect

Explanation

An indifference curve shows combinations of two goods that give the consumer the same level of total utility (satisfaction) at every point along it.

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