Post Utme Eksu 2021 Economics Question 22

Practice objective / multiple choice question 22 from the 2021 Post Utme Eksu Economics examination.

Post Utme Eksu 2021 Economics Objective / Multiple Choice

Question 22 POST_UTME_EKSU • 2021 • ECONOMICS • objective

A consumer is faced with the following utility function: U(x,y) = 2x + 3y. If the prices of x and y are $2 and $3 respectively, and the consumer has a budget of $15, what is the optimal bundle of x and y?

Correct Answer A. $ x=3, y=2 $

B. $ x=2, y=3 $

C. $ x=4, y=1 $

D. $ x=1, y=4 $

Correct Answer

Correct Option:

$ x=3, y=2 $

This is Post Utme Eksu 2021 Economics Question 22. It is one of the objective questions from the 2021 Post Utme Eksu Economics examination.

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