Post Utme Aaua 2021 Economics Question 20

Practice objective / multiple choice question 20 from the 2021 Post Utme Aaua Economics examination.

Post Utme Aaua 2021 Economics Objective / Multiple Choice
Question 20 POST_UTME_AAUA • 2021 • ECONOMICS • objective

A consumer has a utility function U(x,y) = 2x + 3y. If the prices of x and y are ₦5 and ₦3 respectively, and the consumer has a budget of ₦20, what is the optimal bundle of x and y?

Answer Options

A. (2,4)
Correct Answer B. (4,2)
C. (3,3)
D. (1,5)
Correct Answer
B
Correct Option:
(4,2)

About This Question

This is Post Utme Aaua 2021 Economics Question 20. It is one of the objective questions from the 2021 Post Utme Aaua Economics examination.

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