Post Utme Futa 2021 Economics Question 38

Practice objective / multiple choice question 38 from the 2021 Post Utme Futa Economics examination.

Post Utme Futa 2021 Economics Objective / Multiple Choice
Question 38 POST_UTME_FUTA • 2021 • ECONOMICS • objective

A consumer has a budget constraint of 100 and faces a price of 10 for a good. If the consumer's indifference curve is \tangent to the budget line, what is the consumer's optimal quantity of the good?

Answer Options

Correct Answer A. 10
B. 5
C. 20
D. 15
Correct Answer
A
Correct Option:
10

About This Question

This is Post Utme Futa 2021 Economics Question 38. It is one of the objective questions from the 2021 Post Utme Futa Economics examination.

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