Post Utme Crawford University 2022 Economics Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2022 Economics Objective / Multiple Choice

Question 14 POST_UTME_CRAWFORD_UNIVERSITY • 2022 • ECONOMICS • objective

A consumer has a budget constraint of ₦100. The price of good X is ₦20 and the price of good Y is ₦30. The consumer's indifference curve is given by U = 2X + 3Y. What is the consumer's optimal consumption bundle?

Answer Options

Correct Answer A. X = 2, Y = 1

B. X = 3, Y = 2

C. X = 4, Y = 3

D. X = 5, Y = 4

Correct Answer

Correct Option:

X = 2, Y = 1

About This Question

This is Post Utme Crawford University 2022 Economics Question 14. It is one of the objective questions from the 2022 Post Utme Crawford University Economics examination.

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