Post Utme Coal City University 2018 Economics Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2018 Economics Objective / Multiple Choice
Question 22 POST_UTME_COAL_CITY_UNIVERSITY • 2018 • 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?

Answer Options

Correct Answer A. (100, 50)
B. (50, 100)
C. (200, 0)
D. (0, 200)
Correct Answer
A
Correct Option:
(100, 50)

About This Question

This is Post Utme Coal City University 2018 Economics Question 22. It is one of the objective questions from the 2018 Post Utme Coal City University Economics examination.

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