Post Utme Christopher University 2023 Economics Question 21

Practice objective / multiple choice question 21 from the 2023 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2023 Economics Objective / Multiple Choice
Question 21 POST_UTME_CHRISTOPHER_UNIVERSITY • 2023 • ECONOMICS • objective

A consumer's indifference curve is given by U = 2x + 3y, where x and y are the quantities of two goods. If the consumer's income is $15 and the prices of the two goods are $2 and $3 respectively, what is the consumer's optimal bundle of goods?

Answer Options

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

About This Question

This is Post Utme Christopher University 2023 Economics Question 21. It is one of the objective questions from the 2023 Post Utme Christopher University Economics examination.

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