Post Utme Nile University 2020 Economics Question 18

Practice objective / multiple choice question 18 from the 2020 Post Utme Nile University Economics examination.

Post Utme Nile University 2020 Economics Objective / Multiple Choice
Question 18 POST_UTME_NILE_UNIVERSITY • 2020 • ECONOMICS • objective

A consumer has a budget constraint of $100 and faces the following prices: good A = $20, good B = $30, and good C = $40. If the consumer's indifference curve is \tangent to the budget constraint at point (x, y), what is the value of x?

Answer Options

Correct Answer A. 2
B. 3
C. 4
D. 5
Correct Answer
A
Correct Option:
2

About This Question

This is Post Utme Nile University 2020 Economics Question 18. It is one of the objective questions from the 2020 Post Utme Nile University Economics examination.

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