Post Utme Eksu 2020 Economics Question 29

Practice objective / multiple choice question 29 from the 2020 Post Utme Eksu Economics examination.

Post Utme Eksu 2020 Economics Objective / Multiple Choice
Question 29 POST_UTME_EKSU • 2020 • ECONOMICS • objective

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

Answer Options

A. (10,20)
Correct Answer B. (15,15)
C. (20,10)
D. (25,5)
Correct Answer
B
Correct Option:
(15,15)

About This Question

This is Post Utme Eksu 2020 Economics Question 29. It is one of the objective questions from the 2020 Post Utme Eksu Economics examination.

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