Post Utme Veritas University 2017 Commerce Question 10

Practice objective / multiple choice question 10 from the 2017 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2017 Commerce Objective / Multiple Choice
Question 10 POST_UTME_VERITAS_UNIVERSITY • 2017 • COMMERCE • objective

A consumer's indifference curve is given by u = 2x + 3y. If the consumer's current income is 18 and the price of good x is 2, what is the consumer's optimal consumption bundle?

Answer Options

Correct Answer A. (3, 6)
B. (6, 3)
C. (9, 0)
D. (0, 9)
Correct Answer
A
Correct Option:
(3, 6)

About This Question

This is Post Utme Veritas University 2017 Commerce Question 10. It is one of the objective questions from the 2017 Post Utme Veritas University Commerce examination.

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