Post Utme Rsu 2018 Economics Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Rsu Economics examination.

Post Utme Rsu 2018 Economics Objective / Multiple Choice
Question 16 POST_UTME_RSU • 2018 • 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 prices of x and y are ₦5 and ₦3 respectively, find the consumer's optimal bundle of x and y.

Answer Options

Correct Answer A. (200, 100)
B. (150, 150)
C. (100, 200)
D. (50, 250)
Correct Answer
A
Correct Option:
(200, 100)

About This Question

This is Post Utme Rsu 2018 Economics Question 16. It is one of the objective questions from the 2018 Post Utme Rsu Economics examination.

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