Post Utme Ui 2021 Economics Question 31

Practice objective / multiple choice question 31 from the 2021 Post Utme Ui Economics examination.

Post Utme Ui 2021 Economics Objective / Multiple Choice

Question 31 POST_UTME_UI • 2021 • 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?

Correct Answer A. x = 60, y = 40

B. x = 40, y = 60

C. x = 50, y = 50

D. x = 70, y = 30

Correct Answer

Correct Option:

x = 60, y = 40

This is Post Utme Ui 2021 Economics Question 31. It is one of the objective questions from the 2021 Post Utme Ui Economics examination.

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