Post Utme Skyline University 2017 Economics Question 13

Practice objective / multiple choice question 13 from the 2017 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2017 Economics Objective / Multiple Choice
Question 13 POST_UTME_SKYLINE_UNIVERSITY • 2017 • ECONOMICS • objective

A consumer's indifference curve is given by the equation ( u(x,y) = 2x + 3y ). If the consumer's income is ₦100, and the prices of x and y are ₦5 and ₦10 respectively, what is the consumer's optimal bundle?

Answer Options

A. (10,20)
B. (20,10)
Correct Answer C. (15,15)
D. (30,0)
Correct Answer
C
Correct Option:
(15,15)

About This Question

This is Post Utme Skyline University 2017 Economics Question 13. It is one of the objective questions from the 2017 Post Utme Skyline University Economics examination.

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