Post Utme Aaua 2022 Economics Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Aaua Economics examination.

Post Utme Aaua 2022 Economics Objective / Multiple Choice
Question 23 POST_UTME_AAUA • 2022 • ECONOMICS • objective

A consumer's indifference curve is given by U = 2Q1 + Q2, where U is utility, Q1 and Q2 are quantities of goods. If the consumer's income is $100, and prices are $5 and $10 respectively, calculate the consumer's optimal bundle of goods.

Answer Options

A. Q1 = 10, Q2 = 5
Correct Answer B. Q1 = 20, Q2 = 2
C. Q1 = 15, Q2 = 3
D. Q1 = 25, Q2 = 1
Correct Answer
B
Correct Option:
Q1 = 20, Q2 = 2

About This Question

This is Post Utme Aaua 2022 Economics Question 23. It is one of the objective questions from the 2022 Post Utme Aaua Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support