Post Utme Eksu 2018 Economics Question 21

Practice objective / multiple choice question 21 from the 2018 Post Utme Eksu Economics examination.

Post Utme Eksu 2018 Economics Objective / Multiple Choice
Question 21 POST_UTME_EKSU • 2018 • 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 goods x and y are ₦2 and ₦3 respectively, find the consumer's optimal bundle of goods x and y.

Answer Options

A. (200, 150)
B. (300, 100)
Correct Answer C. (250, 125)
D. (150, 200)
Correct Answer
C
Correct Option:
(250, 125)

About This Question

This is Post Utme Eksu 2018 Economics Question 21. It is one of the objective questions from the 2018 Post Utme Eksu Economics examination.

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