Post Utme Skyline University 2025 Economics Question 16

Practice objective / multiple choice question 16 from the 2025 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2025 Economics Objective / Multiple Choice
Question 16 POST_UTME_SKYLINE_UNIVERSITY • 2025 • 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, what is the consumer's optimal bundle of x and y?

Answer Options

Correct Answer A. (100, 200)
B. (200, 100)
C. (50, 300)
D. (300, 50)
Correct Answer
A
Correct Option:
(100, 200)

About This Question

This is Post Utme Skyline University 2025 Economics Question 16. It is one of the objective questions from the 2025 Post Utme Skyline University Economics examination.

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