Post Utme Christopher University 2020 Economics Question 29

Practice objective / multiple choice question 29 from the 2020 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2020 Economics Objective / Multiple Choice
Question 29 POST_UTME_CHRISTOPHER_UNIVERSITY • 2020 • ECONOMICS • objective

A consumer's indifference curve is represented by the equation ( u(x,y) = 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. (200, 100)
B. (150, 150)
C. (100, 200)
D. (50, 250)
Correct Answer
A
Correct Option:
(200, 100)

About This Question

This is Post Utme Christopher University 2020 Economics Question 29. It is one of the objective questions from the 2020 Post Utme Christopher University Economics examination.

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