Post Utme Pan Atlantic University 2020 Economics Question 29

Practice objective / multiple choice question 29 from the 2020 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2020 Economics Objective / Multiple Choice
Question 29 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2020 • ECONOMICS • objective

A consumer's indifference curve is given by the equation 2x + 3y = 6. If the consumer's income is ₦1000 and the prices of the two goods are ₦2 and ₦3 respectively, what is the consumer's optimal bundle of goods?

Answer Options

Correct Answer A. x = 200, y = 300
B. x = 300, y = 200
C. x = 400, y = 100
D. x = 100, y = 400
Correct Answer
A
Correct Option:
x = 200, y = 300

About This Question

This is Post Utme Pan Atlantic University 2020 Economics Question 29. It is one of the objective questions from the 2020 Post Utme Pan Atlantic University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support