Post Utme Eksu 2020 Economics Question 12

Practice objective / multiple choice question 12 from the 2020 Post Utme Eksu Economics examination.

Post Utme Eksu 2020 Economics Objective / Multiple Choice

Question 12 POST_UTME_EKSU • 2020 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y. If the consumer's income is ₦1000 and the prices of x and y are ₦5 and ₦10 respectively, what is the consumer's optimal bundle of x and y?

Correct Answer A. x = 20, y = 10

B. x = 10, y = 20

C. x = 15, y = 15

D. x = 25, y = 5

Correct Answer

Correct Option:

x = 20, y = 10

This is Post Utme Eksu 2020 Economics Question 12. It is one of the objective questions from the 2020 Post Utme Eksu Economics examination.

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