Post Utme Oau 2018 Economics Question 1

Practice objective / multiple choice question 1 from the 2018 Post Utme Oau Economics examination.

Post Utme Oau 2018 Economics Objective / Multiple Choice
Question 1 POST_UTME_OAU • 2018 • ECONOMICS • objective

A consumer's indifference curve is given by the equation ( u(x,y) = 2x + 3y ). If the consumer's income is ₦1000 and the price of good x is ₦5, find the optimal quantity of good x that the consumer will purchase.

Answer Options

A. 100
B. 120
Correct Answer C. 150
D. 180
Correct Answer
C
Correct Option:
150

About This Question

This is Post Utme Oau 2018 Economics Question 1. It is one of the objective questions from the 2018 Post Utme Oau Economics examination.

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