Economics JAMB

From the indifference curve below; consumer will prefer combination?

A. F
B. S
C. M
D. K

Correct Answer:

Option B = S

Explanation

From the above diagram, consumers would mostly likely get the highest level of utility at point S. Because at point S, 3 of Y = 3 of X

Sunday

Share
Published by
Sunday
Tags: economics

Recent Posts

GSE 301 Theory Questions: Sole Proprietorship And Partnership

300 Level Introduction To Entrepreneurial Skills Practices exam questions and detailed answers. Download the answers…

7 mins ago

GSE 301 Theory Questions: Concept Of Entrepreneurship Using Descriptive Phrases And Sentences

300 Level Introduction To Entrepreneurial Skills Practices exam questions and detailed answers. Download the answers…

1 hour ago

GES 301 Theory Questions: Entrepreneurship Challenges In Nigeria – Feasibility Studies Vs Business Plans

300 Level Introduction To Entrepreneurial Skills Practices exam questions and detailed answers. Download the answers…

2 hours ago

GES 301 Theory Questions: Time Management And Business Plan

300 Level Introduction To Entrepreneurial Skills Practices exam questions and detailed answers. Download the answers…

2 hours ago

GES 301 Theory Questions: Rationales For Entrepreneurship In Nigeria

300 Level Introduction To Entrepreneurial Skills Practices exam questions and detailed answers. Download the answers…

2 hours ago

ENG 301 Theory Questions: Business Feasibility Study

300 Level Introduction To Entrepreneurial Skills Practices exam questions and detailed answers. Download the answers…

2 hours ago