Post Utme Oau 2018 Economics Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Oau Economics examination.

Post Utme Oau 2018 Economics Objective / Multiple Choice
Question 12 POST_UTME_OAU • 2018 • ECONOMICS • objective

A consumer has a budget of ₦1000 and faces the following indifference curves: IC1 and IC2. If the price of good X is ₦200 and the price of good Y is ₦300, what is the consumer's optimal bundle?

Answer Options

Correct Answer A. (2X, 1Y)
B. (1X, 2Y)
C. (3X, 0Y)
D. (0X, 3Y)
Correct Answer
A
Correct Option:
(2X, 1Y)

About This Question

This is Post Utme Oau 2018 Economics Question 12. It is one of the objective questions from the 2018 Post Utme Oau Economics examination.

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