Post Utme Abu 2022 Commerce Question 4

Practice objective / multiple choice question 4 from the 2022 Post Utme Abu Commerce examination.

Post Utme Abu 2022 Commerce Objective / Multiple Choice
Question 4 POST_UTME_ABU • 2022 • COMMERCE • objective

A consumer has a budget of ₦1000 and faces the following price schedule: Good A: ₦200, Good B: ₦300. If the consumer's indifference curves are given by ( U = 2x + 3y ), where x is the quantity of Good A and y is the quantity of Good B, what is the consumer's optimal bundle?

Answer Options

A. (10, 0)
Correct Answer B. (5, 5)
C. (0, 10)
D. (0, 0)
Correct Answer
B
Correct Option:
(5, 5)

About This Question

This is Post Utme Abu 2022 Commerce Question 4. It is one of the objective questions from the 2022 Post Utme Abu Commerce 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