Post Utme Unilorin 2018 Economics Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2018 Economics Objective / Multiple Choice
Question 38 POST_UTME_UNILORIN • 2018 • ECONOMICS • objective

A consumer has a utility function U(x, y) = 2x + 3y. The prices of x and y are ₦5 and ₦10 respectively. Find the consumer's indifference curve.

Answer Options

A. U(x, y) = 20
Correct Answer B. U(x, y) = 30
C. U(x, y) = 40
D. U(x, y) = 50
Correct Answer
B
Correct Option:
U(x, y) = 30

About This Question

This is Post Utme Unilorin 2018 Economics Question 38. It is one of the objective questions from the 2018 Post Utme Unilorin Economics examination.

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