Post Utme Lead City University 2024 Economics Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2024 Economics Objective / Multiple Choice
Question 34 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • ECONOMICS • objective

A consumer has the following indifference curves: IC1: U = 2X + 3Y, IC2: U = 3X + 2Y. Find the point of \tangency.

Answer Options

Correct Answer A. X = 2, Y = 3
B. X = 3, Y = 2
C. X = 4, Y = 5
D. X = 5, Y = 4
Correct Answer
A
Correct Option:
X = 2, Y = 3

About This Question

This is Post Utme Lead City University 2024 Economics Question 34. It is one of the objective questions from the 2024 Post Utme Lead City University Economics examination.

View More Post Utme Lead City University 2024 Economics Questions More Post Utme Lead City University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support