Post Utme Al Hikmah University 2017 Commerce Question 39

Practice objective / multiple choice question 39 from the 2017 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2017 Commerce Objective / Multiple Choice

Question 39 POST_UTME_AL-HIKMAH_UNIVERSITY • 2017 • COMMERCE • objective

A consumer has a utility function given by U(x, y) = 2x + 3y. The prices of the goods are ₦200 and ₦300 respectively. What is the consumer's optimal bundle of goods?

Answer Options

A. 1 unit of x and 2 units of y

Correct Answer B. 2 units of x and 1 unit of y

C. 3 units of x and 1 unit of y

D. 4 units of x and 0 units of y

Correct Answer

Correct Option:

2 units of x and 1 unit of y

About This Question

This is Post Utme Al Hikmah University 2017 Commerce Question 39. It is one of the objective questions from the 2017 Post Utme Al Hikmah University Commerce examination.

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