Post Utme Ui 2019 Economics Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Ui Economics examination.

Post Utme Ui 2019 Economics Objective / Multiple Choice

Question 8 POST_UTME_UI • 2019 • ECONOMICS • objective

A consumer has an indifference curve given by U(x, y) = 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?

Correct Answer A. x = 10, y = 5

B. x = 15, y = 3

C. x = 20, y = 2

D. x = 25, y = 1

Correct Answer

Correct Option:

x = 10, y = 5

This is Post Utme Ui 2019 Economics Question 8. It is one of the objective questions from the 2019 Post Utme Ui Economics examination.

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