IFoA CB2 Practice Questions - IFoA Subject CB2 Business Economics Exam

A consumer maximises utility subject to a budget constraint. At the optimum interior solution, the ratio of marginal utilities of two goods equals:

The ratio of the goods' prices Unity for all goods The income elasticity ratio The ratio of total utilities

The ratio of the goods' prices

Access more questions from this quiz

Continue to IFoA CB2 Practice Questions - IFoA Subject CB2 Business Economics Exam for more practice questions and the full quiz experience.