Post Utme Lead City University 2019 Economics Question 37

Practice objective / multiple choice question 37 from the 2019 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2019 Economics Objective / Multiple Choice
Question 37 POST_UTME_LEAD_CITY_UNIVERSITY • 2019 • ECONOMICS • objective

A consumer's indifference curve is a graphical representation of the various combinations of two goods that yield the same level of satisfaction. If a consumer is indifferent between 2 units of good X and 4 units of good Y, and the price of good X is ₦50 per unit, what is the price of good Y?

Answer Options

A. ₦25
B. ₦30
Correct Answer C. ₦35
D. ₦40
Correct Answer
C
Correct Option:
₦35

About This Question

This is Post Utme Lead City University 2019 Economics Question 37. It is one of the objective questions from the 2019 Post Utme Lead City University Economics examination.

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