Post Utme Delsu 2023 Economics Question 5

Practice objective / multiple choice question 5 from the 2023 Post Utme Delsu Economics examination.

Post Utme Delsu 2023 Economics Objective / Multiple Choice

Question 5 POST_UTME_DELSU • 2023 • ECONOMICS • objective

A consumer faces a budget constraint given by P1x + P2y = 10,000. If the prices of goods 1 and 2 are ₦200 and ₦300 respectively, and the consumer's indifference curve is given by U = 2x + 3y, what is the optimal bundle of goods?

Correct Answer A. x = 20, y = 30

B. x = 30, y = 20

C. x = 40, y = 10

D. x = 10, y = 40

Correct Answer

Correct Option:

x = 20, y = 30

This is Post Utme Delsu 2023 Economics Question 5. It is one of the objective questions from the 2023 Post Utme Delsu Economics examination.

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