Post Utme Futa 2024 Economics Question 1

Practice objective / multiple choice question 1 from the 2024 Post Utme Futa Economics examination.

Post Utme Futa 2024 Economics Objective / Multiple Choice

Question 1 POST_UTME_FUTA • 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, find the optimal bundle of x and y.

Correct Answer A. x = 40, y = 20

B. x = 30, y = 30

C. x = 20, y = 40

D. x = 50, y = 10

Correct Answer

Correct Option:

x = 40, y = 20

This is Post Utme Futa 2024 Economics Question 1. It is one of the objective questions from the 2024 Post Utme Futa Economics examination.

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