Post Utme Lead City University 2024 Economics Question 9

Practice objective / multiple choice question 9 from the 2024 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2024 Economics Objective / Multiple Choice
Question 9 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • ECONOMICS • objective

A consumer has a budget constraint of 100 and a preference for two goods, A and B. The prices of A and B are 10 and 20 respectively. U\sing the indifference curve approach, what is the consumer's optimal bundle?

Answer Options

Correct Answer A. A = 5, B = 5
B. A = 10, B = 0
C. A = 0, B = 5
D. A = 5, B = 10
Correct Answer
A
Correct Option:
A = 5, B = 5

About This Question

This is Post Utme Lead City University 2024 Economics Question 9. It is one of the objective questions from the 2024 Post Utme Lead City University Economics examination.

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