Post Utme Futa 2019 Commerce Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Futa Commerce examination.

Post Utme Futa 2019 Commerce Objective / Multiple Choice

Question 8 POST_UTME_FUTA • 2019 • COMMERCE • objective

A consumer's indifference curve is given by U = 2x + 3y. If the consumer's income is 100 and the prices of x and y are 5 and 10 respectively, what is the consumer's optimal bundle?

A. x = 10, y = 5

Correct Answer B. x = 15, y = 3

C. x = 20, y = 2

D. x = 25, y = 1

Correct Answer

Correct Option:

x = 15, y = 3

This is Post Utme Futa 2019 Commerce Question 8. It is one of the objective questions from the 2019 Post Utme Futa Commerce examination.

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