Post Utme Ims U 2023 Economics Question 5

Practice objective / multiple choice question 5 from the 2023 Post Utme Ims U Economics examination.

Post Utme Ims U 2023 Economics Objective / Multiple Choice
Question 5 POST_UTME_IMS_U • 2023 • ECONOMICS • objective
Post Utme Ims U 2023 Economics Question 5 diagram

A consumer has a utility function given by U(x, y) = 2x + 3y. The consumer's budget constraint is given by 2x + 3y = 100. Determine the consumer's indifference curves.

Answer Options

Correct Answer A. ( U(x, y) = 2x + 3y )
B. ( U(x, y) = x + y )
C. ( U(x, y) = 2x - 3y )
D. ( U(x, y) = 3x - 2y )
Correct Answer
A
Correct Option:
( U(x, y) = 2x + 3y )

About This Question

This is Post Utme Ims U 2023 Economics Question 5. It is one of the objective questions from the 2023 Post Utme Ims U Economics examination.

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