Post Utme Bsu 2021 Economics Question 27

Practice objective / multiple choice question 27 from the 2021 Post Utme Bsu Economics examination.

Post Utme Bsu 2021 Economics Objective / Multiple Choice
Question 27 POST_UTME_BSU • 2021 • ECONOMICS • objective

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

Answer Options

A. (10, 20)
B. (20, 10)
Correct Answer C. (15, 15)
D. (25, 5)
Correct Answer
C
Correct Option:
(15, 15)

About This Question

This is Post Utme Bsu 2021 Economics Question 27. It is one of the objective questions from the 2021 Post Utme Bsu Economics examination.

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