Post Utme Uniport 2017 Economics Question 31

Practice objective / multiple choice question 31 from the 2017 Post Utme Uniport Economics examination.

Post Utme Uniport 2017 Economics Objective / Multiple Choice
Question 31 POST_UTME_UNIPORT • 2017 • ECONOMICS • objective

A consumer's budget constraint is given by the equation: 2X + 3Y = 100. If the consumer's indifference curve is given by the equation: U(X, Y) = 2X + 3Y, what is the consumer's optimal bundle?

Answer Options

Correct Answer A. \( X = 20, Y = 30 \)
B. \( X = 30, Y = 20 \)
C. \( X = 40, Y = 10 \)
D. \( X = 50, Y = 0 \)
Correct Answer
A
Correct Option:
\( X = 20, Y = 30 \)

About This Question

This is Post Utme Uniport 2017 Economics Question 31. It is one of the objective questions from the 2017 Post Utme Uniport Economics examination.

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