Post Utme Igbinedion University 2025 Economics Question 10

Practice objective / multiple choice question 10 from the 2025 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2025 Economics Objective / Multiple Choice
Question 10 POST_UTME_IGBINEDION_UNIVERSITY • 2025 • ECONOMICS • objective

A consumer has an indifference curve given by the equation U = 2X + 3Y, where U is the utility, X is the quantity of good X, and Y is the quantity of good Y. If the consumer's budget constraint is given by the equation 200X + 300Y = 1000, what is the consumer's optimal bundle of goods?

Answer Options

Correct Answer A. X = 2, Y = 1
B. X = 3, Y = 2
C. X = 4, Y = 3
D. X = 5, Y = 4
Correct Answer
A
Correct Option:
X = 2, Y = 1

About This Question

This is Post Utme Igbinedion University 2025 Economics Question 10. It is one of the objective questions from the 2025 Post Utme Igbinedion University Economics examination.

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