Post Utme Lead City University 2017 Economics Question 39

Practice objective / multiple choice question 39 from the 2017 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2017 Economics Objective / Multiple Choice
Question 39 POST_UTME_LEAD_CITY_UNIVERSITY • 2017 • ECONOMICS • objective

A consumer has a budget constraint of ₦100 and two goods, A and B, priced at ₦20 and ₦30 respectively. If the consumer's indifference curve is \tangent to the budget line, what is the optimal consumption bundle?

Answer Options

A. (2 units of A, 0 units of B)
Correct Answer B. (1 unit of A, 1 unit of B)
C. (0 units of A, 2 units of B)
D. (3 units of A, 1 unit of B)
Correct Answer
B
Correct Option:
(1 unit of A, 1 unit of B)

About This Question

This is Post Utme Lead City University 2017 Economics Question 39. It is one of the objective questions from the 2017 Post Utme Lead City University Economics examination.

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