Post Utme Joseph Ayo Babalola University 2021 Economics Question 14

Practice objective / multiple choice question 14 from the 2021 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2021 Economics Objective / Multiple Choice
Question 14 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2021 • ECONOMICS • objective

A consumer's indifference curve is given by the equation 2x + 3y = 15. If the consumer's budget constraint is given by the equation 5x + 2y = 20, what is the consumer's optimal consumption bundle?

Answer Options

Correct Answer A. (3,2)
B. (2,3)
C. (1,4)
D. (4,1)
Correct Answer
A
Correct Option:
(3,2)

About This Question

This is Post Utme Joseph Ayo Babalola University 2021 Economics Question 14. It is one of the objective questions from the 2021 Post Utme Joseph Ayo Babalola University Economics examination.

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