Post Utme Abu 2017 Economics Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Abu Economics examination.

Post Utme Abu 2017 Economics Objective / Multiple Choice
Question 18 POST_UTME_ABU • 2017 • ECONOMICS • objective

A consumer has the following utility function: U(x, y) = 2x + 3y. The consumer's budget constraint is 100. The price of good x is ₦10 and the price of good y is ₦20. What is the consumer's optimal bundle of goods?

Answer Options

A. (10, 0)
Correct Answer B. (5, 5)
C. (0, 10)
D. (0, 0)
Correct Answer
B
Correct Option:
(5, 5)

About This Question

This is Post Utme Abu 2017 Economics Question 18. It is one of the objective questions from the 2017 Post Utme Abu Economics examination.

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