Post Utme Lead City University 2020 Commerce Question 10

Practice objective / multiple choice question 10 from the 2020 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2020 Commerce Objective / Multiple Choice
Question 10 POST_UTME_LEAD_CITY_UNIVERSITY • 2020 • COMMERCE • objective

A consumer's budget constraint is given by 2x + 3y = 100. If the consumer's indifference curve is given by U = 2x + 3y, what is the consumer's optimal bundle of goods?

Answer Options

A. (10, 20)
Correct Answer B. (15, 25)
C. (20, 30)
D. (25, 35)
Correct Answer
B
Correct Option:
(15, 25)

About This Question

This is Post Utme Lead City University 2020 Commerce Question 10. It is one of the objective questions from the 2020 Post Utme Lead City University Commerce examination.

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