Post Utme Summit University 2017 Commerce Question 38
Practice objective / multiple choice question 38 from the 2017 Post Utme Summit University Commerce examination.
A consumer has a budget constraint of 100 and a preference for two goods, X and Y. The prices of X and Y are 10 and 20, respectively. If the consumer's indifference curve is tangent to the budget constraint at the point where the consumer is consuming 5 units of X and 2 units of Y, what is the slope of the indifference curve?
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About This Question
This is Post Utme Summit University 2017 Commerce Question 38. It is one of the objective questions from the 2017 Post Utme Summit University Commerce examination.
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