Post Utme Uniben 2017 Economics Question 34

Practice objective / multiple choice question 34 from the 2017 Post Utme Uniben Economics examination.

Post Utme Uniben 2017 Economics Objective / Multiple Choice
Question 34 POST_UTME_UNIBEN • 2017 • ECONOMICS • objective

A consumer's budget constraint is given by P1Q1 + P2Q2 = 100, where P1 and P2 are prices, and Q1 and Q2 are quantities. If the consumer's indifference curve is \tangent to the budget constraint at a point where Q1 = 20, what is the consumer's optimal quantity of Q2?

Answer Options

A. 10
Correct Answer B. 20
C. 30
D. 40
Correct Answer
B
Correct Option:
20

About This Question

This is Post Utme Uniben 2017 Economics Question 34. It is one of the objective questions from the 2017 Post Utme Uniben Economics examination.

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