Post Utme Delsu 2020 Commerce Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Delsu Commerce examination.

Post Utme Delsu 2020 Commerce Objective / Multiple Choice
Question 15 POST_UTME_DELSU • 2020 • COMMERCE • objective

A consumer has a utility function given by U = 2X + 3Y. If the prices of X and Y are ₦2,000 and ₦3,000 respectively, and the consumer has a budget of ₦10,000, what is the maximum amount of utility she can achieve?

Answer Options

A. ₦6,000
B. ₦7,000
Correct Answer C. ₦8,000
D. ₦9,000
Correct Answer
C
Correct Option:
₦8,000

About This Question

This is Post Utme Delsu 2020 Commerce Question 15. It is one of the objective questions from the 2020 Post Utme Delsu Commerce examination.

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