Post Utme Lasu 2021 Economics Question 33

Practice objective / multiple choice question 33 from the 2021 Post Utme Lasu Economics examination.

Post Utme Lasu 2021 Economics Objective / Multiple Choice

Question 33 POST_UTME_LASU • 2021 • ECONOMICS • objective

A consumer has a budget of $100 and faces the following prices: good A = $20, good B = $30, and good C = $40. If the consumer's indifference curve is given by U = 2x + 3y, what is the optimal bundle of goods?

Correct Answer A. A = 2, B = 3, C = 5

B. A = 3, B = 2, C = 5

C. A = 4, B = 1, C = 5

D. A = 5, B = 0, C = 5

Correct Answer

Correct Option:

A = 2, B = 3, C = 5

This is Post Utme Lasu 2021 Economics Question 33. It is one of the objective questions from the 2021 Post Utme Lasu Economics examination.

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