Post Utme Greenfield University 2019 Economics Question 12

Practice objective / multiple choice question 12 from the 2019 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2019 Economics Objective / Multiple Choice
Question 12 POST_UTME_GREENFIELD_UNIVERSITY • 2019 • 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 ₦2 and ₦3 respectively, what is the consumer's optimal bundle?

Answer Options

A. (100, 0)
B. (50, 50)
C. (0, 100)
Correct Answer D. (75, 25)
Correct Answer
D
Correct Option:
(75, 25)

About This Question

This is Post Utme Greenfield University 2019 Economics Question 12. It is one of the objective questions from the 2019 Post Utme Greenfield University Economics examination.

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