Post Utme Eksu 2017 Economics Question 22

Practice objective / multiple choice question 22 from the 2017 Post Utme Eksu Economics examination.

Post Utme Eksu 2017 Economics Objective / Multiple Choice
Question 22 POST_UTME_EKSU • 2017 • ECONOMICS • objective

A consumer has a budget of ₦500 and faces the following prices: Good A = ₦100, Good B = ₦150. If the consumer's indifference curve is given by the equation \( U = 2x + 3y \), where x and y are the quantities of Good A and Good B respectively, what is the consumer's optimal bundle?

Answer Options

Correct Answer A. (2, 3)
B. (3, 2)
C. (1, 4)
D. (4, 1)
Correct Answer
A
Correct Option:
(2, 3)

About This Question

This is Post Utme Eksu 2017 Economics Question 22. It is one of the objective questions from the 2017 Post Utme Eksu Economics examination.

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