EconomicsTheory of consumer behaviourWAEC
MU of the last unit of bread is 20 and its price is ₦10. MU of the last unit of milk is 30 at ₦20. To maximise satisfaction the consumer should buy
Show answer
Answer: D. more bread and less milk
Bread gives 2 utils per naira, milk only 1.5.
An AdmitMe practice question, written for the WAEC syllabus. Not an official past question.