Post Utme Veritas University 2024 Commerce Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2024 Commerce Objective / Multiple Choice
Question 38 POST_UTME_VERITAS_UNIVERSITY • 2024 • COMMERCE • objective

A consumer has a budget constraint of 100, and the prices of two goods are 5 and 10, respectively. If the consumer's indifference curve is tangent to the budget line, what is the consumer's optimal consumption bundle?

Answer Options

A. (10, 10)
B. (20, 5)
Correct Answer C. (15, 7.5)
D. (5, 20)
Correct Answer
C
Correct Option:
(15, 7.5)

About This Question

This is Post Utme Veritas University 2024 Commerce Question 38. It is one of the objective questions from the 2024 Post Utme Veritas University Commerce examination.

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