Post Utme Aaua 2017 Economics Question 1

Practice objective / multiple choice question 1 from the 2017 Post Utme Aaua Economics examination.

Post Utme Aaua 2017 Economics Objective / Multiple Choice
Question 1 POST_UTME_AAUA • 2017 • ECONOMICS • objective

A consumer's indifference curve is represented by the equation ( u(x,y) = 2x + 3y ). If the consumer's income is ₦1000 and the prices of x and y are ₦5 and ₦3 respectively, what is the consumer's optimal bundle?

Answer Options

A. (100, 100)
Correct Answer B. (200, 50)
C. (50, 200)
D. (0, 0)
Correct Answer
B
Correct Option:
(200, 50)

About This Question

This is Post Utme Aaua 2017 Economics Question 1. It is one of the objective questions from the 2017 Post Utme Aaua Economics examination.

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