Intellectual Olympiad in Economics - 2026 ongoing

Subject: Economics
Level: VI (I is easiest, XII is hardest)
Category: student
Question language: English
Questions: 15
Example question: A consumer has a budget of $20. Good X costs $2 and provides 10 units of marginal utility, while good Y costs $5 and provides 20 units of marginal utility. Based on marginal utility per dollar, which good should the consumer purchase first? Good X, Good Y, Both goods equally, Neither good