Post Utme Aaua 2023 Economics Question 34

Practice objective / multiple choice question 34 from the 2023 Post Utme Aaua Economics examination.

Post Utme Aaua 2023 Economics Objective / Multiple Choice
Question 34 POST_UTME_AAUA • 2023 • ECONOMICS • objective
Post Utme Aaua 2023 Economics Question 34 diagram

A consumer's indifference curve is given by U(x, y) = 2x + 3y. If the consumer's income is ₦1000 and the prices of x and y are ₦5 and ₦3 respectively, find the optimal bundle of x and y.

Answer Options

A. x = 40, y = 20
B. x = 20, y = 40
Correct Answer C. x = 30, y = 30
D. x = 10, y = 50
Correct Answer
C
Correct Option:
x = 30, y = 30

About This Question

This is Post Utme Aaua 2023 Economics Question 34. It is one of the objective questions from the 2023 Post Utme Aaua Economics examination.

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