Post Utme Aaua 2024 Economics Question 37

Practice objective / multiple choice question 37 from the 2024 Post Utme Aaua Economics examination.

Post Utme Aaua 2024 Economics Objective / Multiple Choice
Question 37 POST_UTME_AAUA • 2024 • ECONOMICS • objective

A consumer has a utility function of U = x + 2y and budget constraint of 100. If the prices of x and y are 10 and 20 respectively, what is the consumer's optimal bundle?

Answer Options

Correct Answer A. x = 20, y = 10
B. x = 10, y = 20
C. x = 15, y = 15
D. x = 25, y = 5
Correct Answer
A
Correct Option:
x = 20, y = 10

About This Question

This is Post Utme Aaua 2024 Economics Question 37. It is one of the objective questions from the 2024 Post Utme Aaua Economics examination.

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