Post Utme Noun 2023 Economics Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Noun Economics examination.

Post Utme Noun 2023 Economics Objective / Multiple Choice
Question 23 POST_UTME_NOUN • 2023 • ECONOMICS • objective

A consumer has a budget of ₦1000 and faces the following prices for two goods: good A \costs ₦200 and good B \costs ₦300. If the consumer's indifference curves are given by the equation U = 2x + 3y, where x is the quantity of good A and y is the quantity of good B, what is the optimal bundle of goods for the consumer?

Answer Options

Correct Answer A. good A: 2 units, good B: 1 unit
B. good A: 3 units, good B: 2 units
C. good A: 4 units, good B: 3 units
D. good A: 5 units, good B: 4 units
Correct Answer
A
Correct Option:
good A: 2 units, good B: 1 unit

About This Question

This is Post Utme Noun 2023 Economics Question 23. It is one of the objective questions from the 2023 Post Utme Noun Economics examination.

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