Post Utme Coal City University 2018 Commerce Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2018 Commerce Objective / Multiple Choice
Question 23 POST_UTME_COAL_CITY_UNIVERSITY • 2018 • COMMERCE • objective

A consumer's indifference curve is given by the equation u(x,y) = 2x + 3y. If the consumer's income is 100 and the price of x is 5, what is the optimal quantity of y?

Answer Options

A. 10
Correct Answer B. 15
C. 20
D. 25
Correct Answer
B
Correct Option:
15

About This Question

This is Post Utme Coal City University 2018 Commerce Question 23. It is one of the objective questions from the 2018 Post Utme Coal City University Commerce examination.

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