Post Utme Aaua 2023 Economics Question 27

Practice objective / multiple choice question 27 from the 2023 Post Utme Aaua Economics examination.

Post Utme Aaua 2023 Economics Objective / Multiple Choice
Question 27 POST_UTME_AAUA • 2023 • 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 the two goods are ₦5 and ₦10 respectively, what is the consumer's optimal bundle?

Answer Options

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

About This Question

This is Post Utme Aaua 2023 Economics Question 27. It is one of the objective questions from the 2023 Post Utme Aaua Economics examination.

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