Post Utme Ims U 2025 Economics Question 40

Practice objective / multiple choice question 40 from the 2025 Post Utme Ims U Economics examination.

Post Utme Ims U 2025 Economics Objective / Multiple Choice

Question 40 POST_UTME_IMS_U • 2025 • ECONOMICS • objective

A consumer has an income of ₦1000 and faces the following prices: p_A = ₦200, p_B = ₦300, and p_C = ₦400. The consumer's indifference curves are given by the equation u = 2x_A + 3x_B + 4x_C, where x_A, x_B, and x_C are the quantities consumed of goods A, B, and C, respectively. Find the consumer's optimal consumption bundle.

A. x_A = 2, x_B = 1, x_C = 0

B. x_A = 1, x_B = 2, x_C = 0

C. x_A = 0, x_B = 1, x_C = 2

Correct Answer D. x_A = 1, x_B = 1, x_C = 1

Correct Answer

Correct Option:

x_A = 1, x_B = 1, x_C = 1

This is Post Utme Ims U 2025 Economics Question 40. It is one of the objective questions from the 2025 Post Utme Ims U Economics examination.

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