Post Utme Afe Babalola University 2020 Commerce Question 5
Practice objective / multiple choice question 5 from the 2020 Post Utme Afe Babalola University Commerce examination.
A consumer has a budget constraint of 1000 and a preference for two goods, A and B, with prices of 10 and 20 respectively. If the consumer's indifference curve is tangent to the budget line at a point where the consumer is consuming 50 units of good A and 25 units of good B, what is the consumer's budget constraint equation?
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This is Post Utme Afe Babalola University 2020 Commerce Question 5. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Commerce examination.
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