Post Utme Eksu 2019 Economics Question 40

Practice objective / multiple choice question 40 from the 2019 Post Utme Eksu Economics examination.

Post Utme Eksu 2019 Economics Objective / Multiple Choice

Question 40 POST_UTME_EKSU • 2019 • ECONOMICS • objective

A consumer's utility function is 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?

A. x = 100, y = 150

Correct Answer B. x = 150, y = 100

C. x = 200, y = 50

D. x = 50, y = 200

Correct Answer

Correct Option:

x = 150, y = 100

This is Post Utme Eksu 2019 Economics Question 40. It is one of the objective questions from the 2019 Post Utme Eksu Economics examination.

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