Post Utme Noun 2024 Economics Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Noun Economics examination.

Post Utme Noun 2024 Economics Objective / Multiple Choice
Question 29 POST_UTME_NOUN • 2024 • ECONOMICS • objective

A consumer has a budget of ₦1000 and faces the following prices: x = ₦5, y = ₦3. The consumer's indifference curve is given by u(x, y) = xy. What is the consumer's optimal bundle?

Answer Options

A. x = 100, y = 200
Correct Answer B. x = 200, y = 100
C. x = 50, y = 150
D. x = 150, y = 50
Correct Answer
B
Correct Option:
x = 200, y = 100

About This Question

This is Post Utme Noun 2024 Economics Question 29. It is one of the objective questions from the 2024 Post Utme Noun Economics examination.

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