Post Utme Abu 2021 Economics Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Abu Economics examination.

Post Utme Abu 2021 Economics Objective / Multiple Choice

Question 13 POST_UTME_ABU • 2021 • ECONOMICS • objective

A consumer has a utility function given by U(x, y) = 2x + 3y. If the prices of x and y are $2 and $3 respectively, and the consumer has an income of $10, what is the consumer's optimal bundle?

Correct Answer A. x = 2, y = 1

B. x = 1, y = 2

C. x = 3, y = 0

D. x = 0, y = 3

Correct Answer

Correct Option:

x = 2, y = 1

This is Post Utme Abu 2021 Economics Question 13. It is one of the objective questions from the 2021 Post Utme Abu Economics examination.

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support