Post Utme Bsu 2023 Commerce Question 9

Practice objective / multiple choice question 9 from the 2023 Post Utme Bsu Commerce examination.

Post Utme Bsu 2023 Commerce Objective / Multiple Choice

Question 9 POST_UTME_BSU • 2023 • COMMERCE • objective

A consumer's indifference curve is given by U = 2X + 3Y, where U is the utility and X and Y are the quantities consumed. If the consumer's budget constraint is given by P1X + P2Y = I, where P1 and P2 are the prices of two goods, X and Y are the quantities consumed, and I is the consumer's income, what is the consumer's optimal bundle?

Correct Answer A. X = 10, Y = 5

B. X = 5, Y = 10

C. X = 15, Y = 3

D. X = 3, Y = 15

Correct Answer

Correct Option:

X = 10, Y = 5

This is Post Utme Bsu 2023 Commerce Question 9. It is one of the objective questions from the 2023 Post Utme Bsu Commerce examination.

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