Post Utme Aaua 2017 Commerce Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Aaua Commerce examination.

Post Utme Aaua 2017 Commerce Objective / Multiple Choice

Question 33 POST_UTME_AAUA • 2017 • COMMERCE • objective

A consumer has a budget constraint of 100 and a preference for two goods, A and B. The prices of A and B are 10 and 20 respectively. If the consumer's indifference curve is tangent to the budget line, what is the consumer's optimal consumption bundle?

Correct Answer A. A = 5, B = 2.5

B. A = 2.5, B = 5

C. A = 10, B = 0

D. A = 0, B = 10

Correct Answer

Correct Option:

A = 5, B = 2.5

This is Post Utme Aaua 2017 Commerce Question 33. It is one of the objective questions from the 2017 Post Utme Aaua Commerce examination.

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