Post Utme Bowen University 2019 Economics Question 39

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

Post Utme Bowen University 2019 Economics Objective / Multiple Choice

Question 39 POST_UTME_BOWEN_UNIVERSITY • 2019 • ECONOMICS • objective

A consumer has a budget of ₦1,000 and faces the following price schedule: x1 = ₦100, x2 = ₦200, x3 = ₦300. U\sing the budget constraint equation, derive the consumer's indifference curve equation.

Answer Options

Correct Answer A. U(x1, x2) = 100x1 + 200x2

B. U(x1, x2) = 100x1 - 200x2

C. U(x1, x2) = 200x1 + 100x2

D. U(x1, x2) = 200x1 - 100x2

Correct Answer

Correct Option:

U(x1, x2) = 100x1 + 200x2

About This Question

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

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