Post Utme Elizade University 2021 Economics Question 20

Practice objective / multiple choice question 20 from the 2021 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2021 Economics Objective / Multiple Choice

Question 20 POST_UTME_ELIZADE_UNIVERSITY • 2021 • ECONOMICS • objective

A consumer has the following indifference curve: U(x,y) = 2x + 3y. The prices of x and y are ₦5 and ₦10 respectively. Find the consumer's optimal bundle.

Answer Options

Correct Answer A. x = 10, y = 20

B. x = 20, y = 10

C. x = 30, y = 5

D. x = 5, y = 30

Correct Answer

Correct Option:

x = 10, y = 20

About This Question

This is Post Utme Elizade University 2021 Economics Question 20. It is one of the objective questions from the 2021 Post Utme Elizade University Economics examination.

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