Post Utme Rhema University 2017 Economics Question 12

Practice objective / multiple choice question 12 from the 2017 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2017 Economics Objective / Multiple Choice
Question 12 POST_UTME_RHEMA_UNIVERSITY • 2017 • ECONOMICS • objective

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

Answer Options

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

About This Question

This is Post Utme Rhema University 2017 Economics Question 12. It is one of the objective questions from the 2017 Post Utme Rhema University Economics examination.

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