Post Utme Caleb University 2024 Economics Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2024 Economics Objective / Multiple Choice
Question 15 POST_UTME_CALEB_UNIVERSITY • 2024 • ECONOMICS • objective

A consumer's indifference curve is given by the equation U = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's budget constraint is given by 50x + 75y = ₦150, what is the consumer's optimal bundle of goods?

Answer Options

A. x = 3, y = 2
Correct Answer B. x = 2, y = 3
C. x = 4, y = 1
D. x = 1, y = 4
Correct Answer
B
Correct Option:
x = 2, y = 3

About This Question

This is Post Utme Caleb University 2024 Economics Question 15. It is one of the objective questions from the 2024 Post Utme Caleb University Economics examination.

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