Post Utme Eksu 2024 Economics Question 17

Practice objective / multiple choice question 17 from the 2024 Post Utme Eksu Economics examination.

Post Utme Eksu 2024 Economics Objective / Multiple Choice
Question 17 POST_UTME_EKSU • 2024 • 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?

Answer Options

Correct Answer A. x = 200, y = 100
B. x = 150, y = 150
C. x = 100, y = 200
D. x = 200, y = 200
Correct Answer
A
Correct Option:
x = 200, y = 100

About This Question

This is Post Utme Eksu 2024 Economics Question 17. It is one of the objective questions from the 2024 Post Utme Eksu Economics examination.

View More Post Utme Eksu 2024 Economics Questions More Post Utme Eksu Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support