Post Utme Aaua 2019 Economics Question 30

Practice objective / multiple choice question 30 from the 2019 Post Utme Aaua Economics examination.

Post Utme Aaua 2019 Economics Objective / Multiple Choice
Question 30 POST_UTME_AAUA • 2019 • ECONOMICS • objective

A consumer's indifference curve is given by the equation u(x,y) = 2x + 3y. The consumer's budget constraint is given by 2x + 3y = 100. What is the consumer's optimal bundle of x and y?

Answer Options

A. (20, 20)
Correct Answer B. (30, 15)
C. (40, 10)
D. (50, 5)
Correct Answer
B
Correct Option:
(30, 15)

About This Question

This is Post Utme Aaua 2019 Economics Question 30. It is one of the objective questions from the 2019 Post Utme Aaua Economics examination.

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