Post Utme Unilorin 2017 Commerce Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2017 Commerce Objective / Multiple Choice
Question 38 POST_UTME_UNILORIN • 2017 • COMMERCE • objective

A consumer has a budget of ₦1000 and faces the following prices for two goods: X = ₦200 and Y = ₦300. If the consumer's indifference curve is given by U = 2X + 3Y, what is the optimal combination of X and Y?

Answer Options

Correct Answer A. (2, 1)
B. (4, 2)
C. (8, 3)
D. (16, 5)
Correct Answer
A
Correct Option:
(2, 1)

About This Question

This is Post Utme Unilorin 2017 Commerce Question 38. It is one of the objective questions from the 2017 Post Utme Unilorin Commerce examination.

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