Post Utme Lead City University 2021 Economics Question 36

Practice objective / multiple choice question 36 from the 2021 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2021 Economics Objective / Multiple Choice
Question 36 POST_UTME_LEAD_CITY_UNIVERSITY • 2021 • ECONOMICS • objective

A consumer's indifference curve is given by U = 2x + 3y. If the consumer's income is $100 and the prices of x and y are $5 and $10 respectively, what is the consumer's optimal bundle?

Answer Options

A. x = 10, y = 20
Correct Answer B. x = 20, y = 10
C. x = 15, y = 15
D. x = 5, y = 5
Correct Answer
B
Correct Option:
x = 20, y = 10

About This Question

This is Post Utme Lead City University 2021 Economics Question 36. It is one of the objective questions from the 2021 Post Utme Lead City University Economics examination.

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