Post Utme Delsu 2023 Economics Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Delsu Economics examination.

Post Utme Delsu 2023 Economics Objective / Multiple Choice

Question 23 POST_UTME_DELSU • 2023 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of two goods. If the consumer's income is 100 naira and the prices of the two goods are 5 naira and 10 naira respectively, what is the consumer's optimal bundle?

A. x = 10, y = 20

B. x = 20, y = 10

Correct Answer C. x = 15, y = 15

D. x = 5, y = 5

Correct Answer

Correct Option:

x = 15, y = 15

This is Post Utme Delsu 2023 Economics Question 23. It is one of the objective questions from the 2023 Post Utme Delsu Economics examination.

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