Post Utme Unn 2023 Commerce Question 39

Practice objective / multiple choice question 39 from the 2023 Post Utme Unn Commerce examination.

Post Utme Unn 2023 Commerce Objective / Multiple Choice

Question 39 POST_UTME_UNN • 2023 • COMMERCE • objective

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

Correct Answer A. x = 40, y = 20

B. x = 30, y = 30

C. x = 20, y = 40

D. x = 10, y = 50

Correct Answer

Correct Option:

x = 40, y = 20

This is Post Utme Unn 2023 Commerce Question 39. It is one of the objective questions from the 2023 Post Utme Unn Commerce examination.

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