Post Utme Unilorin 2022 Economics Question 29

Practice objective / multiple choice question 29 from the 2022 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2022 Economics Objective / Multiple Choice
Question 29 POST_UTME_UNILORIN • 2022 • ECONOMICS • objective

A consumer's indifference curve is given by the equation 2x + 3y = 12. If the consumer's income is ₦1000 and the prices of x and y are ₦50 and ₦75 respectively, find the consumer's optimal bundle of x and y.

Answer Options

Correct Answer A. x = 10, y = 5
B. x = 5, y = 10
C. x = 15, y = 3
D. x = 20, y = 2
Correct Answer
A
Correct Option:
x = 10, y = 5

About This Question

This is Post Utme Unilorin 2022 Economics Question 29. It is one of the objective questions from the 2022 Post Utme Unilorin Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support