Post Utme Ksu 2017 Economics Question 16

Practice objective / multiple choice question 16 from the 2017 Post Utme Ksu Economics examination.

Post Utme Ksu 2017 Economics Objective / Multiple Choice
Question 16 POST_UTME_KSU • 2017 • ECONOMICS • objective

A consumer's indifference curve is represented by the equation ( u(x,y) = 3x + 2y ). If the consumer's income is ₦1000 and the prices of x and y are ₦5 and ₦3 respectively, find the consumer's optimal bundle of x and y.

Answer Options

Correct Answer A. (100, 100)
B. (200, 50)
C. (50, 200)
D. (150, 150)
Correct Answer
A
Correct Option:
(100, 100)

About This Question

This is Post Utme Ksu 2017 Economics Question 16. It is one of the objective questions from the 2017 Post Utme Ksu Economics examination.

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