Post Utme Aaua 2019 Economics Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Aaua Economics examination.

Post Utme Aaua 2019 Economics Objective / Multiple Choice
Question 2 POST_UTME_AAUA • 2019 • ECONOMICS • objective

A consumer's utility function is given by U(x,y) = 2x + 3y. If the consumer's income is ₦1000 and the prices of x and y are ₦2 and ₦3 respectively, what is the consumer's optimal bundle?

Answer Options

Correct Answer A. (20, 10)
B. (15, 20)
C. (10, 15)
D. (5, 30)
Correct Answer
A
Correct Option:
(20, 10)

About This Question

This is Post Utme Aaua 2019 Economics Question 2. It is one of the objective questions from the 2019 Post Utme Aaua Economics examination.

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