Post Utme Summit University 2021 Economics Question 3

Practice objective / multiple choice question 3 from the 2021 Post Utme Summit University Economics examination.

Post Utme Summit University 2021 Economics Objective / Multiple Choice

Question 3 POST_UTME_SUMMIT_UNIVERSITY • 2021 • ECONOMICS • objective

A consumer's budget constraint is given by 2X + 3Y = 12. If the price of X is ₦2 and the price of Y is ₦3, what is the consumer's indifference curve?

Answer Options

A. \( X = 2, Y = 2 \)

Correct Answer B. \( X = 3, Y = 1.5 \)

C. \( X = 4, Y = 1 \)

D. \( X = 5, Y = 0.5 \)

Correct Answer

Correct Option:

\( X = 3, Y = 1.5 \)

About This Question

This is Post Utme Summit University 2021 Economics Question 3. It is one of the objective questions from the 2021 Post Utme Summit University Economics examination.

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