Post Utme Crawford University 2018 Economics Question 25

Practice objective / multiple choice question 25 from the 2018 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2018 Economics Objective / Multiple Choice
Question 25 POST_UTME_CRAWFORD_UNIVERSITY • 2018 • ECONOMICS • objective

A consumer faces a budget constraint of ₦100. If the consumer's indifference curves are given by U(x, y) = 2x + 3y, what is the consumer's optimal bundle of x and y?

Answer Options

Correct Answer A. x = 20, y = 30
B. x = 30, y = 20
C. x = 40, y = 10
D. x = 50, y = 0
Correct Answer
A
Correct Option:
x = 20, y = 30

About This Question

This is Post Utme Crawford University 2018 Economics Question 25. It is one of the objective questions from the 2018 Post Utme Crawford University Economics examination.

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