Post Utme Delsu 2021 Economics Question 33
Practice objective / multiple choice question 33 from the 2021 Post Utme Delsu Economics examination.
A consumer has a budget constraint of 100 units of currency and faces the following prices for two goods: Q1 = 5 units of currency per unit and Q2 = 10 units of currency per unit. If the consumer's indifference curve is \tangent to the budget constraint at the point where Q1 = 20 units and Q2 = 10 units, what is the marginal rate of substitution (MRS) between the two goods?
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About This Question
This is Post Utme Delsu 2021 Economics Question 33. It is one of the objective questions from the 2021 Post Utme Delsu Economics examination.
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