Post Utme Achievers University 2018 Economics Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2018 Economics Objective / Multiple Choice
Question 29 POST_UTME_ACHIEVERS_UNIVERSITY • 2018 • ECONOMICS • objective

A consumer's indifference curve is given by the equation ( u(x,y) = 2x + 3y ). If the consumer's income is ₦1,000 and the prices of x and y are ₦5 and ₦10 respectively, what is the consumer's optimal bundle?

Answer Options

A. x = 100, y = 50
Correct Answer B. x = 150, y = 30
C. x = 200, y = 20
D. x = 250, y = 10
Correct Answer
B
Correct Option:
x = 150, y = 30

About This Question

This is Post Utme Achievers University 2018 Economics Question 29. It is one of the objective questions from the 2018 Post Utme Achievers University Economics examination.

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