Post Utme Bsu 2021 Economics Question 35

Practice objective / multiple choice question 35 from the 2021 Post Utme Bsu Economics examination.

Post Utme Bsu 2021 Economics Objective / Multiple Choice

Question 35 POST_UTME_BSU • 2021 • ECONOMICS • objective

A consumer is faced with a budget constraint of ₦1000. The consumer's indifference curves are downward-sloping and convex to the origin. What is the consumer's optimal bundle of goods?

A. The consumer will choose a bundle of (x, y) = (10, 10)

Correct Answer B. The consumer will choose a bundle of (x, y) = (20, 5)

C. The consumer will choose a bundle of (x, y) = (5, 20)

D. The consumer will choose a bundle of (x, y) = (0, 0)

Correct Answer

Correct Option:

The consumer will choose a bundle of (x, y) = (20, 5)

This is Post Utme Bsu 2021 Economics Question 35. It is one of the objective questions from the 2021 Post Utme Bsu Economics examination.

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