Post Utme Bowen University 2020 Economics Question 28

Practice objective / multiple choice question 28 from the 2020 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2020 Economics Objective / Multiple Choice

Question 28 POST_UTME_BOWEN_UNIVERSITY • 2020 • ECONOMICS • objective

A consumer has a budget constraint of $100 and a preference for two goods, A and B. The prices of the goods are $20 and $30 respectively. U\sing indifference curves, what is the optimal combination of goods A and B?

Answer Options

Correct Answer A. 10 units of A and 5 units of B

B. 5 units of A and 10 units of B

C. 15 units of A and 15 units of B

D. 20 units of A and 20 units of B

Correct Answer

Correct Option:

10 units of A and 5 units of B

About This Question

This is Post Utme Bowen University 2020 Economics Question 28. It is one of the objective questions from the 2020 Post Utme Bowen University Economics examination.

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