Post Utme Greenfield University 2025 Commerce Question 13

Practice objective / multiple choice question 13 from the 2025 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2025 Commerce Objective / Multiple Choice
Question 13 POST_UTME_GREENFIELD_UNIVERSITY • 2025 • COMMERCE • objective

A consumer's indifference curve is given by the equation u(x,y) = 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?

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 2025 Commerce Question 13. It is one of the objective questions from the 2025 Post Utme Greenfield University Commerce examination.

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