Post Utme Bsu 2020 Economics Question 28

Practice objective / multiple choice question 28 from the 2020 Post Utme Bsu Economics examination.

Post Utme Bsu 2020 Economics Objective / Multiple Choice

Question 28 POST_UTME_BSU • 2020 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of two goods. If the consumer's budget is ₦100 and the prices of the two goods are ₦5 and ₦10 respectively, what is the consumer's optimal bundle?

Correct Answer A. x = 10, y = 5

B. x = 5, y = 10

C. x = 15, y = 3

D. x = 3, y = 15

Correct Answer

Correct Option:

x = 10, y = 5

This is Post Utme Bsu 2020 Economics Question 28. It is one of the objective questions from the 2020 Post Utme Bsu Economics examination.

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