Post Utme Futa 2021 Economics Question 4

Practice objective / multiple choice question 4 from the 2021 Post Utme Futa Economics examination.

Post Utme Futa 2021 Economics Objective / Multiple Choice

Question 4 POST_UTME_FUTA • 2021 • ECONOMICS • objective

A consumer has a budget of ₦100 and faces a price of ₦20 for a good. The consumer's indifference curve is given by U = 2X + 3Y. What is the consumer's optimal consumption bundle?

A. X = 2, Y = 4

Correct Answer B. X = 3, Y = 3

C. X = 4, Y = 2

D. X = 5, Y = 1

Correct Answer

Correct Option:

X = 3, Y = 3

This is Post Utme Futa 2021 Economics Question 4. It is one of the objective questions from the 2021 Post Utme Futa Economics examination.

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