Post Utme Skyline University 2022 Economics Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2022 Economics Objective / Multiple Choice
Question 23 POST_UTME_SKYLINE_UNIVERSITY • 2022 • ECONOMICS • objective

A consumer's indifference curve is given by U = 2x + 3y. If the consumer's income is ₦1000, and the prices of x and y are ₦5 and ₦10 respectively, what is the consumer's optimal bundle?

Answer Options

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

About This Question

This is Post Utme Skyline University 2022 Economics Question 23. It is one of the objective questions from the 2022 Post Utme Skyline University Economics examination.

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