Post Utme Bsu 2023 Economics Question 12

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

Post Utme Bsu 2023 Economics Objective / Multiple Choice

Question 12 POST_UTME_BSU • 2023 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of two goods consumed. 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 of goods?

Correct Answer A. x = 10, y = 5

B. x = 5, y = 10

C. x = 15, y = 0

D. x = 0, y = 10

Correct Answer

Correct Option:

x = 10, y = 5

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

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