Post Utme Aaua 2024 Economics Question 24

Practice objective / multiple choice question 24 from the 2024 Post Utme Aaua Economics examination.

Post Utme Aaua 2024 Economics Objective / Multiple Choice
Question 24 POST_UTME_AAUA • 2024 • ECONOMICS • objective

A consumer has a utility function of U = 2x + 3y. If the prices of x and y are $5 and $10 respectively, and the consumer has a budget of $50, what is the optimal bundle of x and y to consume?

Answer Options

A. x = 5, y = 2
Correct Answer B. x = 10, y = 5
C. x = 15, y = 10
D. x = 20, y = 15
Correct Answer
B
Correct Option:
x = 10, y = 5

About This Question

This is Post Utme Aaua 2024 Economics Question 24. It is one of the objective questions from the 2024 Post Utme Aaua Economics examination.

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