Post Utme Bsu 2023 Economics Question 2

Practice objective / multiple choice question 2 from the 2023 Post Utme Bsu Economics examination.

Post Utme Bsu 2023 Economics Objective / Multiple Choice
Question 2 POST_UTME_BSU • 2023 • ECONOMICS • objective

A consumer's indifference curve for two goods, X and Y, is given by the equation U = 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 of X and Y?

Answer Options

Correct Answer A. \( X = 40, Y = 30 \)
B. \( X = 30, Y = 40 \)
C. \( X = 20, Y = 50 \)
D. \( X = 50, Y = 20 \)
Correct Answer
A
Correct Option:
\( X = 40, Y = 30 \)

About This Question

This is Post Utme Bsu 2023 Economics Question 2. It is one of the objective questions from the 2023 Post Utme Bsu Economics examination.

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