Post Utme Elizade University 2022 Commerce Question 40
Practice objective / multiple choice question 40 from the 2022 Post Utme Elizade University Commerce examination.
A consumer has a budget constraint of 100 units of currency and a preference for two goods, A and B. The prices of the goods are 5 units of currency for A and 10 units of currency for B. If the consumer's indifference curve is tangent to the budget constraint at a point where the consumer is consuming 20 units of good A, what is the consumer's marginal rate of substitution?
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About This Question
This is Post Utme Elizade University 2022 Commerce Question 40. It is one of the objective questions from the 2022 Post Utme Elizade University Commerce examination.
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