Post Utme Lasu 2017 Commerce Question 24

Practice objective / multiple choice question 24 from the 2017 Post Utme Lasu Commerce examination.

Post Utme Lasu 2017 Commerce Objective / Multiple Choice

Question 24 POST_UTME_LASU • 2017 • COMMERCE • objective

A consumer's indifference curve is given by U = 2x + 3y, where x and y are the quantities of two goods and U is the consumer's utility. If the consumer's budget constraint is given by P1x + P2y = I, what is the consumer's optimal consumption bundle?

Correct Answer A. (x, y) = (10, 5)

B. (x, y) = (5, 10)

C. (x, y) = (15, 3)

D. (x, y) = (3, 15)

Correct Answer

Correct Option:

(x, y) = (10, 5)

This is Post Utme Lasu 2017 Commerce Question 24. It is one of the objective questions from the 2017 Post Utme Lasu Commerce examination.

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