JAMB Economics 2020 Objective — Question 13

Question 13 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2020 Objective paper, with the correct answer and a full explanation.

From the indifference curve above, a consumer will prefer combination

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

Explanation

A consumer prefers the indifference curve farthest from the origin, since it represents the highest attainable utility - point S.

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