Post Utme Abu 2019 Economics Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Abu Economics examination.

Post Utme Abu 2019 Economics Objective / Multiple Choice

Question 39 POST_UTME_ABU • 2019 • ECONOMICS • objective

A consumer's budget constraint is given by the equation \( 2x + 3y = 100 \). If the consumer's income is ₦1000 and the prices of x and y are ₦5 and ₦3 respectively, find the consumer's optimal bundle of x and y.

Correct Answer A. x = 20, y = 30

B. x = 30, y = 20

C. x = 40, y = 10

D. x = 50, y = 0

Correct Answer

Correct Option:

x = 20, y = 30

This is Post Utme Abu 2019 Economics Question 39. It is one of the objective questions from the 2019 Post Utme Abu Economics examination.

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