Post Utme Bells University 2017 Economics Question 12

Practice objective / multiple choice question 12 from the 2017 Post Utme Bells University Economics examination.

Post Utme Bells University 2017 Economics Objective / Multiple Choice
Question 12 POST_UTME_BELLS_UNIVERSITY • 2017 • 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 ₦5 and ₦3 respectively, what is the consumer's optimal bundle?

Answer Options

Correct Answer A. (100, 200)
B. (200, 100)
C. (150, 150)
D. (250, 50)
Correct Answer
A
Correct Option:
(100, 200)

About This Question

This is Post Utme Bells University 2017 Economics Question 12. It is one of the objective questions from the 2017 Post Utme Bells University Economics examination.

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