Post Utme Pan Atlantic University 2017 Economics Question 22

Practice objective / multiple choice question 22 from the 2017 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2017 Economics Objective / Multiple Choice
Question 22 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2017 • ECONOMICS • objective

A consumer's budget constraint is given by P_x x + P_y y = 100. If P_x = 10 and P_y = 5, and the consumer's current consumption levels are x = 5 and y = 10, calculate the consumer's optimal consumption bundle.

Answer Options

Correct Answer A. (10, 20)
B. (20, 10)
C. (5, 5)
D. (0, 0)
Correct Answer
A
Correct Option:
(10, 20)

About This Question

This is Post Utme Pan Atlantic University 2017 Economics Question 22. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Economics examination.

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