Post Utme Al Hikmah University 2025 Commerce Question 14
Practice objective / multiple choice question 14 from the 2025 Post Utme Al Hikmah University Commerce examination.
A consumer has a budget of ₦500 and a preference for two goods, A and B. The prices of the goods are ₦100 and ₦200 respectively. If the consumer's indifference curve is given by the equation U = x + 2y, where x and y are the quantities of goods A and B respectively, what is the consumer's optimal bundle?
Answer Options
About This Question
This is Post Utme Al Hikmah University 2025 Commerce Question 14. It is one of the objective questions from the 2025 Post Utme Al Hikmah University Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.