Post Utme Mountain Top University 2022 Commerce Question 37

Practice objective / multiple choice question 37 from the 2022 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2022 Commerce Objective / Multiple Choice
Question 37 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2022 • COMMERCE • objective

A consumer has a budget of ₦500 to spend on two goods, X and Y. The prices of X and Y are ₦2 and ₦3, respectively. If the consumer's indifference curves are given by U = 2X + 3Y and U = 4X + 5Y, which of the following combinations of X and Y will the consumer choose?

Answer Options

A. (X = 100, Y = 150)
Correct Answer B. (X = 150, Y = 100)
C. (X = 200, Y = 50)
D. (X = 250, Y = 25)
Correct Answer
B
Correct Option:
(X = 150, Y = 100)

About This Question

This is Post Utme Mountain Top University 2022 Commerce Question 37. It is one of the objective questions from the 2022 Post Utme Mountain Top University Commerce examination.

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