Post Utme Afe Babalola University 2025 Economics Question 24

Practice objective / multiple choice question 24 from the 2025 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2025 Economics Objective / Multiple Choice

Question 24 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2025 • ECONOMICS • objective

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, what is the consumer's optimal bundle?

Answer Options

A. x = 10, y = 20

B. x = 20, y = 10

Correct Answer C. x = 15, y = 15

D. x = 5, y = 5

Correct Answer

Correct Option:

x = 15, y = 15

About This Question

This is Post Utme Afe Babalola University 2025 Economics Question 24. It is one of the objective questions from the 2025 Post Utme Afe Babalola University Economics examination.

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