Post Utme Ims U 2019 Economics Question 5

Practice objective / multiple choice question 5 from the 2019 Post Utme Ims U Economics examination.

Post Utme Ims U 2019 Economics Objective / Multiple Choice
Question 5 POST_UTME_IMS_U • 2019 • ECONOMICS • objective

A consumer's indifference curve is given by the equation u(x,y) = 2x + 3y. If the consumer's income is ₦1,000 and the prices of x and y are ₦50 and ₦30 respectively, what is the consumer's optimal bundle?

Answer Options

Correct Answer A. (20,10)
B. (15,15)
C. (10,20)
D. (5,25)
Correct Answer
A
Correct Option:
(20,10)

About This Question

This is Post Utme Ims U 2019 Economics Question 5. It is one of the objective questions from the 2019 Post Utme Ims U Economics examination.

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