Post Utme Afe Babalola University 2017 Economics Question 23

Practice objective / multiple choice question 23 from the 2017 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2017 Economics Objective / Multiple Choice
Question 23 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2017 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y. If the consumer's income is ₦100 and the prices of x and y are ₦5 and ₦10 respectively, what is the consumer's optimal bundle?

Answer Options

A. (10, 20)
Correct Answer B. (15, 15)
C. (20, 10)
D. (25, 5)
Correct Answer
B
Correct Option:
(15, 15)

About This Question

This is Post Utme Afe Babalola University 2017 Economics Question 23. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Economics examination.

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