Post Utme Pan Atlantic University 2022 Commerce Question 36

Practice objective / multiple choice question 36 from the 2022 Post Utme Pan Atlantic University Commerce examination.

Post Utme Pan Atlantic University 2022 Commerce Objective / Multiple Choice
Question 36 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2022 • COMMERCE • objective

A consumer has a budget constraint of 100, and the prices of two goods are 10 and 20, respectively. If the consumer's indifference curve is tangent to the budget line, what is the consumer's optimal consumption bundle?

Answer Options

Correct Answer A. (10, 5)
B. (5, 10)
C. (15, 3)
D. (3, 15)
Correct Answer
A
Correct Option:
(10, 5)

About This Question

This is Post Utme Pan Atlantic University 2022 Commerce Question 36. It is one of the objective questions from the 2022 Post Utme Pan Atlantic University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support