Post Utme Unilorin 2017 Economics Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2017 Economics Objective / Multiple Choice
Question 32 POST_UTME_UNILORIN • 2017 • ECONOMICS • objective

A consumer has an indifference curve I_1 and a budget constraint with a price ratio of 2:1. If the consumer's income is ₦1000, what is the optimal bundle of goods (x, y) that maximizes utility?

Answer Options

Correct Answer A. \( x = 200, y = 400 \)
B. \( x = 400, y = 200 \)
C. \( x = 300, y = 300 \)
D. \( x = 100, y = 500 \)
Correct Answer
A
Correct Option:
\( x = 200, y = 400 \)

About This Question

This is Post Utme Unilorin 2017 Economics Question 32. It is one of the objective questions from the 2017 Post Utme Unilorin Economics examination.

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