Post Utme Coal City University 2022 Economics Question 10

Practice objective / multiple choice question 10 from the 2022 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2022 Economics Objective / Multiple Choice

Question 10 POST_UTME_COAL_CITY_UNIVERSITY • 2022 • ECONOMICS • objective

A consumer's budget constraint is given by the equation: 2X + 3Y = ₦1,000. The consumer's indifference curve is given by the equation: U = 2X + 3Y. What is the consumer's optimal bundle of goods?

Answer Options

Correct Answer A. (X, Y) = (₦200, ₦300)

B. (X, Y) = (₦300, ₦200)

C. (X, Y) = (₦400, ₦100)

D. (X, Y) = (₦100, ₦400)

Correct Answer

Correct Option:

(X, Y) = (₦200, ₦300)

About This Question

This is Post Utme Coal City University 2022 Economics Question 10. It is one of the objective questions from the 2022 Post Utme Coal City University Economics examination.

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