Post Utme Coal City University 2024 Economics Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2024 Economics Objective / Multiple Choice
Question 10 POST_UTME_COAL_CITY_UNIVERSITY • 2024 • ECONOMICS • objective

A consumer's budget constraint is given by 2X + 3Y = ₦150. If the prices of X and Y are ₦50 and ₦75 respectively, find the consumer's optimal bundle.

Answer Options

Correct Answer A. X = 2 units, Y = 1 unit
B. X = 1 unit, Y = 2 units
C. X = 3 units, Y = 0 units
D. X = 0 units, Y = 3 units
Correct Answer
A
Correct Option:
X = 2 units, Y = 1 unit

About This Question

This is Post Utme Coal City University 2024 Economics Question 10. It is one of the objective questions from the 2024 Post Utme Coal City University Economics examination.

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