Post Utme Mountain Top University 2021 Economics Question 35

Practice objective / multiple choice question 35 from the 2021 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2021 Economics Objective / Multiple Choice
Question 35 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2021 • ECONOMICS • objective

A consumer's budget constraint is given by 2Y + 3X = 100, where Y is the quantity of good Y and X is the quantity of good X. If the consumer's indifference curve is given by U = 2Y + X, what is the consumer's optimal bundle?

Answer Options

Correct Answer A. (20, 30)
B. (30, 20)
C. (40, 10)
D. (10, 40)
Correct Answer
A
Correct Option:
(20, 30)

About This Question

This is Post Utme Mountain Top University 2021 Economics Question 35. It is one of the objective questions from the 2021 Post Utme Mountain Top University Economics examination.

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