Post Utme Bowen University 2025 Economics Question 39

Practice objective / multiple choice question 39 from the 2025 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2025 Economics Objective / Multiple Choice
Question 39 POST_UTME_BOWEN_UNIVERSITY • 2025 • ECONOMICS • objective

A consumer has a budget constraint of ₦1000 and a utility function U(x, y) = 2x + 3y. If the prices of the two goods are ₦5 and ₦10 respectively, what is the optimal bundle of goods?

Answer Options

A. x = 100, y = 50
Correct Answer B. x = 150, y = 75
C. x = 200, y = 100
D. x = 250, y = 125
Correct Answer
B
Correct Option:
x = 150, y = 75

About This Question

This is Post Utme Bowen University 2025 Economics Question 39. It is one of the objective questions from the 2025 Post Utme Bowen University Economics examination.

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