Post Utme Lautech 2020 Economics Question 1
Practice objective / multiple choice question 1 from the 2020 Post Utme Lautech Economics examination.
Determine the marginal utility of income for a consumer who derives utility from consuming two goods, A and B, with the following indifference curves: U(A) = 2A + 3B and U(B) = 4A + 5B. If the consumer's income is ₦1000 and the prices of A and B are ₦20 and ₦30 respectively.
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This is Post Utme Lautech 2020 Economics Question 1. It is one of the objective questions from the 2020 Post Utme Lautech Economics examination.
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