Post Utme Babcock University 2023 Economics Question 17

Practice objective / multiple choice question 17 from the 2023 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2023 Economics Objective / Multiple Choice
Question 17 POST_UTME_BABCOCK_UNIVERSITY • 2023 • ECONOMICS • objective

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

Answer Options

A. x = 200, y = 100
Correct Answer B. x = 150, y = 150
C. x = 100, y = 200
D. x = 200, y = 200
Correct Answer
B
Correct Option:
x = 150, y = 150

About This Question

This is Post Utme Babcock University 2023 Economics Question 17. It is one of the objective questions from the 2023 Post Utme Babcock University Economics examination.

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