Post Utme Oau 2024 Commerce Question 39

Practice objective / multiple choice question 39 from the 2024 Post Utme Oau Commerce examination.

Post Utme Oau 2024 Commerce Objective / Multiple Choice

Question 39 POST_UTME_OAU • 2024 • COMMERCE • objective

A consumer's indifference curve is given by U = 2X + 3Y, where U is the utility and X and Y are the quantities consumed of two goods. If the consumer's income is 100 and the prices of the two goods are 10 and 20, respectively, what is the consumer's optimal bundle of goods?

Correct Answer A. X = 5, Y = 2

B. X = 10, Y = 1

C. X = 15, Y = 0

D. X = 20, Y = 0

Correct Answer

Correct Option:

X = 5, Y = 2

This is Post Utme Oau 2024 Commerce Question 39. It is one of the objective questions from the 2024 Post Utme Oau Commerce examination.

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