Post Utme Nile University 2018 Economics Question 14

Practice objective / multiple choice question 14 from the 2018 Post Utme Nile University Economics examination.

Post Utme Nile University 2018 Economics Objective / Multiple Choice
Question 14 POST_UTME_NILE_UNIVERSITY • 2018 • ECONOMICS • objective

A consumer's budget constraint is given by P1Q1 + P2Q2 = I, where P1 and P2 are the prices of two goods, Q1 and Q2 are the quantities consumed, and I is the consumer's income. If the consumer has an income of ₦100, the price of good 1 is ₦10, and the price of good 2 is ₦20, what is the consumer's indifference curve?

Answer Options

A. 45°
B. 60°
Correct Answer C. 90°
D. 120°
Correct Answer
C
Correct Option:
90°

About This Question

This is Post Utme Nile University 2018 Economics Question 14. It is one of the objective questions from the 2018 Post Utme Nile University Economics examination.

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