Post Utme Mountain Top University 2019 Economics Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2019 Economics Objective / Multiple Choice
Question 3 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2019 • ECONOMICS • objective

A consumer has a budget constraint of 100, and two goods, A and B, priced at 5 and 3 respectively. If the consumer's indifference curve is \tangent to the budget line, what is the consumer's optimal consumption bundle?

Answer Options

A. A = 10, B = 20
B. A = 20, B = 10
Correct Answer C. A = 15, B = 15
D. A = 25, B = 5
Correct Answer
C
Correct Option:
A = 15, B = 15

About This Question

This is Post Utme Mountain Top University 2019 Economics Question 3. It is one of the objective questions from the 2019 Post Utme Mountain Top University Economics examination.

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