Post Utme Bells University 2024 Economics Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Bells University Economics examination.

Post Utme Bells University 2024 Economics Objective / Multiple Choice

Question 34 POST_UTME_BELLS_UNIVERSITY • 2024 • ECONOMICS • objective

A consumer's utility function is given by U = 2X + 3Y. If the consumer's income is ₦1000 and the prices of the two goods are ₦2 and ₦3 respectively, what will be 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 = 50, Y = 250

Correct Answer

Correct Option:

X = 150, Y = 150

About This Question

This is Post Utme Bells University 2024 Economics Question 34. It is one of the objective questions from the 2024 Post Utme Bells University Economics examination.

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