Post Utme Futa 2018 Economics Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Futa Economics examination.

Post Utme Futa 2018 Economics Objective / Multiple Choice
Question 12 POST_UTME_FUTA • 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 x and y are ₦5 and ₦3 respectively, what is the consumer's optimal bundle?

Answer Options

A. x = 100, y = 200
Correct Answer B. x = 150, y = 150
C. x = 200, y = 100
D. x = 250, y = 50
Correct Answer
B
Correct Option:
x = 150, y = 150

About This Question

This is Post Utme Futa 2018 Economics Question 12. It is one of the objective questions from the 2018 Post Utme Futa Economics examination.

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