Post Utme Crawford University 2019 Economics Question 1

Practice objective / multiple choice question 1 from the 2019 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2019 Economics Objective / Multiple Choice
Question 1 POST_UTME_CRAWFORD_UNIVERSITY • 2019 • ECONOMICS • objective

A consumer's indifference curve is given by the equation ( u(x,y) = 2x + 3y ). If the consumer's income is ₦1000 and the prices of x and y are ₦2 and ₦3 respectively, find the consumer's optimal bundle of x and y.

Answer Options

Correct Answer A. (100, 150)
B. (200, 100)
C. (150, 200)
D. (250, 50)
Correct Answer
A
Correct Option:
(100, 150)

About This Question

This is Post Utme Crawford University 2019 Economics Question 1. It is one of the objective questions from the 2019 Post Utme Crawford University Economics examination.

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