Post Utme Bowen University 2021 Economics Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2021 Economics Objective / Multiple Choice

Question 17 POST_UTME_BOWEN_UNIVERSITY • 2021 • ECONOMICS • objective

A consumer's utility function is given by U(x,y) = 2x + 3y. If the consumer's income is ₦1000 and the prices of x and y are ₦5 and ₦10 respectively, find the consumer's optimal bundle of x and y.

Answer Options

Correct Answer A. (200, 100)

B. (300, 50)

C. (400, 0)

D. (0, 100)

Correct Answer

Correct Option:

(200, 100)

About This Question

This is Post Utme Bowen University 2021 Economics Question 17. It is one of the objective questions from the 2021 Post Utme Bowen University Economics examination.

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