Post Utme Igbinedion University 2020 Economics Question 17
Practice objective / multiple choice question 17 from the 2020 Post Utme Igbinedion University Economics examination.
A consumer has a budget of ₦1000 and faces the following prices for two goods: good A \costs ₦200 and good B \costs ₦300. If the consumer's indifference curves are represented by the equation U = 2x + 3y, where x and y are the quantities of goods A and B respectively, what is the consumer's optimal bundle?
Answer Options
About This Question
This is Post Utme Igbinedion University 2020 Economics Question 17. It is one of the objective questions from the 2020 Post Utme Igbinedion University Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.