Post Utme Bowen University 2021 Economics Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2021 Economics Objective / Multiple Choice
Question 15 POST_UTME_BOWEN_UNIVERSITY • 2021 • ECONOMICS • objective

A consumer's utility function is given by U = 2X + 3Y, where U is the utility, X is the quantity of good X, and Y is the quantity of good Y. If the consumer buys 5 units of good X and 10 units of good Y, what is the utility?

Answer Options

A. 20
B. 30
Correct Answer C. 40
D. 50
Correct Answer
C
Correct Option:
40

About This Question

This is Post Utme Bowen University 2021 Economics Question 15. It is one of the objective questions from the 2021 Post Utme Bowen University Economics examination.

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