Post Utme Aaua 2017 Economics Question 28

Practice objective / multiple choice question 28 from the 2017 Post Utme Aaua Economics examination.

Post Utme Aaua 2017 Economics Objective / Multiple Choice

Question 28 POST_UTME_AAUA • 2017 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's budget is 100 naira and the prices of the two goods are 5 naira and 10 naira respectively, what is the consumer's optimal bundle?

A. x = 10, y = 10

Correct Answer B. x = 15, y = 5

C. x = 20, y = 0

D. x = 0, y = 20

Correct Answer

Correct Option:

x = 15, y = 5

This is Post Utme Aaua 2017 Economics Question 28. It is one of the objective questions from the 2017 Post Utme Aaua Economics examination.

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