Post Utme Aaua 2023 Economics Question 3

Practice objective / multiple choice question 3 from the 2023 Post Utme Aaua Economics examination.

Post Utme Aaua 2023 Economics Objective / Multiple Choice
Question 3 POST_UTME_AAUA • 2023 • ECONOMICS • objective

A consumer's utility function is given by ( U(x,y) = 2x + 3y ). If the consumer's income is $100 and the prices of ( x ) and ( y ) are $2 and $3 respectively, find the consumer's optimal bundle

Answer Options

A. (10,20)
Correct Answer B. (15,30)
C. (20,40)
D. (25,50)
Correct Answer
B
Correct Option:
(15,30)

About This Question

This is Post Utme Aaua 2023 Economics Question 3. It is one of the objective questions from the 2023 Post Utme Aaua Economics examination.

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