Post Utme Igbinedion University 2022 Economics Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2022 Economics Objective / Multiple Choice
Question 13 POST_UTME_IGBINEDION_UNIVERSITY • 2022 • ECONOMICS • objective

A consumer's indifference curve is represented 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 ₦10 respectively, what is the consumer's optimal bundle?

Answer Options

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

About This Question

This is Post Utme Igbinedion University 2022 Economics Question 13. It is one of the objective questions from the 2022 Post Utme Igbinedion University Economics examination.

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