Post Utme Madonna University 2019 Economics Question 39
Practice objective / multiple choice question 39 from the 2019 Post Utme Madonna University Economics examination.
A consumer has a budget constraint of ₦1000 and faces the following prices for two goods: good X \costs ₦200 and good Y \costs ₦300. If the consumer's indifference curve is \tangent to the budget constraint at the point where the consumer is consuming 2 units of good X and 1 unit of good Y, what is the marginal rate of substitution between good X and good Y?
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About This Question
This is Post Utme Madonna University 2019 Economics Question 39. It is one of the objective questions from the 2019 Post Utme Madonna University Economics examination.
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