Post Utme Wellspring University 2019 Economics Question 28

Practice objective / multiple choice question 28 from the 2019 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2019 Economics Objective / Multiple Choice
Question 28 POST_UTME_WELLSPRING_UNIVERSITY • 2019 • ECONOMICS • objective

A consumer is faced with the following budget constraint: 2x + 3y = 100. If the consumer's income is ₦100,000 and the prices of x and y are ₦20 and ₦30 respectively, what is the optimal bundle of x and y?

Answer Options

Correct Answer A. (5,3)
B. (4,4)
C. (3,5)
D. (2,6)
Correct Answer
A
Correct Option:
(5,3)

About This Question

This is Post Utme Wellspring University 2019 Economics Question 28. It is one of the objective questions from the 2019 Post Utme Wellspring University Economics examination.

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