Post Utme Rhema University 2021 Economics Question 38

Practice objective / multiple choice question 38 from the 2021 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2021 Economics Objective / Multiple Choice
Question 38 POST_UTME_RHEMA_UNIVERSITY • 2021 • ECONOMICS • objective

A consumer's indifference curve is given by the equation U = 2x + 3y. The consumer's budget constraint is given by the equation 2x + 4y = 100. What is the consumer's optimal bundle?

Answer Options

A. (x, y) = (20, 15)
Correct Answer B. (x, y) = (25, 10)
C. (x, y) = (30, 5)
D. (x, y) = (35, 0)
Correct Answer
B
Correct Option:
(x, y) = (25, 10)

About This Question

This is Post Utme Rhema University 2021 Economics Question 38. It is one of the objective questions from the 2021 Post Utme Rhema University Economics examination.

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