Post Utme Delsu 2023 Economics Question 37

Practice objective / multiple choice question 37 from the 2023 Post Utme Delsu Economics examination.

Post Utme Delsu 2023 Economics Objective / Multiple Choice
Question 37 POST_UTME_DELSU • 2023 • ECONOMICS • objective

A consumer has a utility function given by ( U(x,y) = 2x + 3y ). If the consumer's income is ₦1000 and the prices of x and y are ₦2 and ₦3 respectively, what is the consumer's optimal bundle?

Answer Options

A. x = 100, y = 200
B. x = 200, y = 100
Correct Answer C. x = 150, y = 150
D. x = 250, y = 50
Correct Answer
C
Correct Option:
x = 150, y = 150

About This Question

This is Post Utme Delsu 2023 Economics Question 37. It is one of the objective questions from the 2023 Post Utme Delsu Economics examination.

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