Post Utme Igbinedion University 2025 Economics Question 8

Practice objective / multiple choice question 8 from the 2025 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2025 Economics Objective / Multiple Choice

Question 8 POST_UTME_IGBINEDION_UNIVERSITY • 2025 • ECONOMICS • objective

A consumer has an income of ₦1000 and faces the following prices for two goods: X = ₦200 and Y = ₦300. 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

Correct Option:

X = 2, Y = 1

About This Question

This is Post Utme Igbinedion University 2025 Economics Question 8. It is one of the objective questions from the 2025 Post Utme Igbinedion University Economics examination.

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