Post Utme Uniport 2017 Economics Question 27

Practice objective / multiple choice question 27 from the 2017 Post Utme Uniport Economics examination.

Post Utme Uniport 2017 Economics Objective / Multiple Choice
Question 27 POST_UTME_UNIPORT • 2017 • ECONOMICS • objective

A consumer's indifference curves for two goods, X and Y, are given by the following equations: U(X, Y) = 2X + 3Y and U(X, Y) = 4X + 2Y. If the consumer's initial \endowment is \( X = 2, Y = 3 \), what is the consumer's optimal bundle?

Answer Options

Correct Answer A. \( X = 1, Y = 4 \)
B. \( X = 2, Y = 3 \)
C. \( X = 3, Y = 2 \)
D. \( X = 4, Y = 1 \)
Correct Answer
A
Correct Option:
\( X = 1, Y = 4 \)

About This Question

This is Post Utme Uniport 2017 Economics Question 27. It is one of the objective questions from the 2017 Post Utme Uniport Economics examination.

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