Post Utme Futo 2018 Commerce Question 8
Practice objective / multiple choice question 8 from the 2018 Post Utme Futo Commerce examination.
A consumer has a budget of ₦1000 and is faced with the following prices for two goods: good X costs ₦200 per unit, and good Y costs ₦300 per unit. If the consumer's indifference curves are such that the marginal rate of substitution is 2, how many units of good X will the consumer buy?
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About This Question
This is Post Utme Futo 2018 Commerce Question 8. It is one of the objective questions from the 2018 Post Utme Futo Commerce examination.
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