Post Utme Greenfield University 2021 Commerce Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2021 Commerce Objective / Multiple Choice
Question 23 POST_UTME_GREENFIELD_UNIVERSITY • 2021 • COMMERCE • objective

A consumer has a budget constraint of 100 and a preference for two goods: X and Y. The prices of X and Y are 5 and 3 respectively. Using the indifference curve analysis, find the consumer's optimal consumption bundle.

Answer Options

A. (10, 20)
Correct Answer B. (15, 15)
C. (20, 10)
D. (25, 5)
Correct Answer
B
Correct Option:
(15, 15)

About This Question

This is Post Utme Greenfield University 2021 Commerce Question 23. It is one of the objective questions from the 2021 Post Utme Greenfield University Commerce examination.

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