Post Utme Lead City University 2025 Economics Question 28

Practice objective / multiple choice question 28 from the 2025 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2025 Economics Objective / Multiple Choice
Question 28 POST_UTME_LEAD_CITY_UNIVERSITY • 2025 • ECONOMICS • objective

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

Answer Options

Correct Answer A. (200, 100)
B. (150, 150)
C. (100, 200)
D. (50, 250)
Correct Answer
A
Correct Option:
(200, 100)

About This Question

This is Post Utme Lead City University 2025 Economics Question 28. It is one of the objective questions from the 2025 Post Utme Lead City University Economics examination.

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