Post Utme Esut 2024 Economics Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Esut Economics examination.

Post Utme Esut 2024 Economics Objective / Multiple Choice
Question 16 POST_UTME_ESUT • 2024 • 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 x and y are ₦5 and ₦3 respectively, what is the consumer's optimal bundle?

Answer Options

Correct Answer A. 40 units of x and 100 units of y
B. 100 units of x and 40 units of y
C. 50 units of x and 50 units of y
D. 20 units of x and 200 units of y
Correct Answer
A
Correct Option:
40 units of x and 100 units of y

About This Question

This is Post Utme Esut 2024 Economics Question 16. It is one of the objective questions from the 2024 Post Utme Esut Economics examination.

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