Post Utme Eksu 2022 Economics Question 18

Practice objective / multiple choice question 18 from the 2022 Post Utme Eksu Economics examination.

Post Utme Eksu 2022 Economics Objective / Multiple Choice
Question 18 POST_UTME_EKSU • 2022 • ECONOMICS • objective

A consumer's utility function is given by U = 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

Correct Answer A. (10, 5)
B. (15, 3)
C. (20, 2)
D. (25, 1)
Correct Answer
A
Correct Option:
(10, 5)

About This Question

This is Post Utme Eksu 2022 Economics Question 18. It is one of the objective questions from the 2022 Post Utme Eksu Economics examination.

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