Post Utme Ims U 2025 Economics Question 1

Practice objective / multiple choice question 1 from the 2025 Post Utme Ims U Economics examination.

Post Utme Ims U 2025 Economics Objective / Multiple Choice
Question 1 POST_UTME_IMS_U • 2025 • ECONOMICS • objective

A consumer's indifference curve is given 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, find the consumer's optimal bundle of x and y.

Answer Options

Correct Answer A. x = 40, y = 20
B. x = 60, y = 10
C. x = 80, y = 5
D. x = 100, y = 0
Correct Answer
A
Correct Option:
x = 40, y = 20

About This Question

This is Post Utme Ims U 2025 Economics Question 1. It is one of the objective questions from the 2025 Post Utme Ims U Economics examination.

View More Post Utme Ims U 2025 Economics Questions More Post Utme Ims U Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support