Post Utme Unn 2021 Economics Question 26

Practice objective / multiple choice question 26 from the 2021 Post Utme Unn Economics examination.

Post Utme Unn 2021 Economics Objective / Multiple Choice

Question 26 POST_UTME_UNN • 2021 • ECONOMICS • objective

A consumer's indifference curve is given by the equation u(x, y) = 2x + 3y. If the consumer's income is ₦1000 and the prices of x and y are ₦5 and ₦3 respectively, what is the consumer's optimal bundle of x and y?

Correct Answer A. x = 60, y = 40

B. x = 40, y = 60

C. x = 50, y = 50

D. x = 70, y = 30

Correct Answer

Correct Option:

x = 60, y = 40

This is Post Utme Unn 2021 Economics Question 26. It is one of the objective questions from the 2021 Post Utme Unn Economics examination.

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