Post Utme Abu 2017 Economics Question 6

Practice objective / multiple choice question 6 from the 2017 Post Utme Abu Economics examination.

Post Utme Abu 2017 Economics Objective / Multiple Choice
Question 6 POST_UTME_ABU • 2017 • ECONOMICS • objective

Consider a consumer with a utility function U(x,y) = 2x + 3y. If the consumer's income is ₦1000 and the prices of x and y are ₦5 and ₦10 respectively, what is the optimal bundle of x and y?

Answer Options

Correct Answer A. (20, 10)
B. (15, 5)
C. (10, 0)
D. (0, 0)
Correct Answer
A
Correct Option:
(20, 10)

About This Question

This is Post Utme Abu 2017 Economics Question 6. It is one of the objective questions from the 2017 Post Utme Abu Economics examination.

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