Post Utme Skyline University 2017 Economics Question 21

Practice objective / multiple choice question 21 from the 2017 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2017 Economics Objective / Multiple Choice
Question 21 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 ₦1000 and the prices of x and y are ₦5 and ₦10 respectively, find the consumer's optimal bundle of x and y.

Answer Options

Correct Answer A. x = 80, y = 20
B. x = 40, y = 40
C. x = 60, y = 30
D. x = 20, y = 60
Correct Answer
A
Correct Option:
x = 80, y = 20

About This Question

This is Post Utme Skyline University 2017 Economics Question 21. It is one of the objective questions from the 2017 Post Utme Skyline University Economics examination.

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