Post Utme Delsu 2022 Economics Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Delsu Economics examination.

Post Utme Delsu 2022 Economics Objective / Multiple Choice
Question 23 POST_UTME_DELSU • 2022 • ECONOMICS • objective

A consumer has a utility function U(X,Y) = 2X + 3Y. If the prices of X and Y are ₦5 and ₦3 respectively, and the consumer has a budget of ₦20, what is the optimal bundle of X and Y?

Answer Options

A. (2,4)
Correct Answer B. (4,2)
C. (1,3)
D. (3,1)
Correct Answer
B
Correct Option:
(4,2)

About This Question

This is Post Utme Delsu 2022 Economics Question 23. It is one of the objective questions from the 2022 Post Utme Delsu Economics examination.

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