Post Utme Delsu 2022 Economics Question 27

Practice objective / multiple choice question 27 from the 2022 Post Utme Delsu Economics examination.

Post Utme Delsu 2022 Economics Objective / Multiple Choice

Question 27 POST_UTME_DELSU • 2022 • ECONOMICS • objective

A consumer's indifference curve is represented by the equation u(x,y) = 2x + 3y. If the consumer's income is ₦1000 and the prices of x and y are ₦5 and ₦3 respectively, what is the consumer's optimal bundle of x and y?

Correct Answer A. x = 40, y = 60

B. x = 60, y = 40

C. x = 80, y = 20

D. x = 20, y = 80

Correct Answer

Correct Option:

x = 40, y = 60

This is Post Utme Delsu 2022 Economics Question 27. It is one of the objective questions from the 2022 Post Utme Delsu Economics examination.

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