Post Utme Unilag 2024 Economics Question 17

Practice objective / multiple choice question 17 from the 2024 Post Utme Unilag Economics examination.

Post Utme Unilag 2024 Economics Objective / Multiple Choice
Question 17 POST_UTME_UNILAG • 2024 • ECONOMICS • objective

A consumer's indifference curve is given by the equation ( 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?

Answer Options

A. (10, 10)
B. (20, 5)
Correct Answer C. (15, 7.5)
D. (5, 20)
Correct Answer
C
Correct Option:
(15, 7.5)

About This Question

This is Post Utme Unilag 2024 Economics Question 17. It is one of the objective questions from the 2024 Post Utme Unilag Economics examination.

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