Post Utme Delsu 2019 Economics Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Delsu Economics examination.

Post Utme Delsu 2019 Economics Objective / Multiple Choice
Question 8 POST_UTME_DELSU • 2019 • ECONOMICS • objective

A consumer has a utility function given by U(x,y) = 2x + 3y. The prices of x and y are ₦5 and ₦3, respectively. The consumer's income is ₦100. U\sing the budget constraint, determine the optimal consumption bundle.

Answer Options

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

About This Question

This is Post Utme Delsu 2019 Economics Question 8. It is one of the objective questions from the 2019 Post Utme Delsu Economics examination.

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