Post Utme Bells University 2021 Economics Question 28

Practice objective / multiple choice question 28 from the 2021 Post Utme Bells University Economics examination.

Post Utme Bells University 2021 Economics Objective / Multiple Choice

Question 28 POST_UTME_BELLS_UNIVERSITY • 2021 • ECONOMICS • objective

A consumer's utility function is given by U(x, y) = 2x + 3y. If the consumer's income is ₦100 and the prices of x and y are ₦20 and ₦30 respectively, what is the consumer's optimal bundle?

Answer Options

Correct Answer A. x = 2, y = 1

B. x = 1, y = 2

C. x = 3, y = 0

D. x = 0, y = 3

Correct Answer

Correct Option:

x = 2, y = 1

About This Question

This is Post Utme Bells University 2021 Economics Question 28. It is one of the objective questions from the 2021 Post Utme Bells University Economics examination.

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