Post Utme Bowen University 2023 Economics Question 12

Practice objective / multiple choice question 12 from the 2023 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2023 Economics Objective / Multiple Choice
Question 12 POST_UTME_BOWEN_UNIVERSITY • 2023 • ECONOMICS • objective

A consumer has the following utility function: U(x, y) = 2x + 3y. The prices of x and y are ₦5 and ₦10 respectively. Find the consumer's optimal bundle of x and y.

Answer Options

A. x = 5, y = 10
Correct Answer B. x = 10, y = 5
C. x = 15, y = 3
D. x = 20, y = 2
Correct Answer
B
Correct Option:
x = 10, y = 5

About This Question

This is Post Utme Bowen University 2023 Economics Question 12. It is one of the objective questions from the 2023 Post Utme Bowen University Economics examination.

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