Post Utme Unilorin 2023 Economics Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2023 Economics Objective / Multiple Choice
Question 8 POST_UTME_UNILORIN • 2023 • ECONOMICS • objective

A consumer's indifference curve is given by U = 2x + 3y. If the consumer's budget constraint is given by 2x + 4y = ₦100, what is the consumer's optimal bundle?

Answer Options

A. (x, y) = (20, 10)
Correct Answer B. (x, y) = (15, 12.5)
C. (x, y) = (10, 20)
D. (x, y) = (5, 25)
Correct Answer
B
Correct Option:
(x, y) = (15, 12.5)

About This Question

This is Post Utme Unilorin 2023 Economics Question 8. It is one of the objective questions from the 2023 Post Utme Unilorin Economics examination.

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