Examkits is a JAMB CBT practice platform that provides over 20 years of past questions, Post UTME questions, and detailed video solutions to help students prepare for their exams.

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Do you offer video solutions for JAMB questions?

Yes, Examkits provides detailed video explanations for all JAMB past questions from 2000 to 2024, helping students understand how to solve each problem.

Examkits offers free practice for some subjects. However, full access requires a one-time affordable activation fee for each version of the app.

ECONOMICS

JAMB 2005 - Question 29

Economics 2005 JAMB Past Questions - Question 29: If the marginal utility of the last unit of commodity X at N2 is 16 and that of commodity Y at N 4 is 24, the consumer will be at equilibrium when

Choose the most appropriate option for the gap .

If the marginal utility of the last unit of commodity X at N2 is 16 and that of commodity Y at N 4 is 24, the consumer will be at equilibrium when

A: the price-quantity ratios are equal

B: equal amounts of X and Y are consumed

C: less of Y and more of X are consumed

D: less of X and more of Y are consumed

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ECONOMICS

Economics 2005 JAMB Past Questions - Question 29: If the marginal utility of the last unit of commodity X at N2 is 16 and that of commodity Y at N 4 is 24, the consumer will be at equilibrium when

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Correct Answer

Explanation