Post Utme Summit University 2021 Commerce Question 24

Practice objective / multiple choice question 24 from the 2021 Post Utme Summit University Commerce examination.

Post Utme Summit University 2021 Commerce Objective / Multiple Choice
Question 24 POST_UTME_SUMMIT_UNIVERSITY • 2021 • COMMERCE • objective

A consumer's indifference curve is given by the equation U = 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, 5)
Correct Answer B. (15, 3)
C. (20, 2)
D. (25, 1)
Correct Answer
B
Correct Option:
(15, 3)

About This Question

This is Post Utme Summit University 2021 Commerce Question 24. It is one of the objective questions from the 2021 Post Utme Summit University Commerce examination.

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