Post Utme Afe Babalola University 2025 Economics Question 17

Practice objective / multiple choice question 17 from the 2025 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2025 Economics Objective / Multiple Choice

Question 17 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2025 • ECONOMICS • objective

A consumer's utility function is given by U(x, y) = 2x + 3y. If the consumer's income is ₦1000 and the prices of x and y are ₦5 and ₦10 respectively, find the consumer's optimal bundle of x and y.

Answer Options

Correct Answer A. x = 100, y = 50

B. x = 50, y = 100

C. x = 200, y = 0

D. x = 0, y = 100

Correct Answer

Correct Option:

x = 100, y = 50

About This Question

This is Post Utme Afe Babalola University 2025 Economics Question 17. It is one of the objective questions from the 2025 Post Utme Afe Babalola University Economics examination.

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