Post Utme Skyline University 2019 Economics Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2019 Economics Objective / Multiple Choice
Question 39 POST_UTME_SKYLINE_UNIVERSITY • 2019 • ECONOMICS • objective

A consumer has a budget 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 line, what is the consumer's optimal consumption bundle?

Answer Options

Correct Answer A. (2, 3)
B. (3, 2)
C. (4, 1)
D. (1, 4)
Correct Answer
A
Correct Option:
(2, 3)

About This Question

This is Post Utme Skyline University 2019 Economics Question 39. It is one of the objective questions from the 2019 Post Utme Skyline University Economics examination.

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