Post Utme Abu 2017 Economics Question 5

Practice objective / multiple choice question 5 from the 2017 Post Utme Abu Economics examination.

Post Utme Abu 2017 Economics Objective / Multiple Choice
Question 5 POST_UTME_ABU • 2017 • ECONOMICS • objective

A consumer has the following budget constraint: 2x + 3y = 100. If the prices of x and y are ₦10 and ₦20 respectively, determine the consumer's optimal consumption bundle.

Answer Options

A. (20, 10)
Correct Answer B. (15, 15)
C. (10, 20)
D. (5, 25)
Correct Answer
B
Correct Option:
(15, 15)

About This Question

This is Post Utme Abu 2017 Economics Question 5. It is one of the objective questions from the 2017 Post Utme Abu Economics examination.

View More Post Utme Abu 2017 Economics Questions More Post Utme Abu Practice Questions Back to Questions

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