Post Utme Esut 2017 Economics Question 7

Practice objective / multiple choice question 7 from the 2017 Post Utme Esut Economics examination.

Post Utme Esut 2017 Economics Objective / Multiple Choice
Question 7 POST_UTME_ESUT • 2017 • ECONOMICS • objective

A consumer has a utility function 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 Esut 2017 Economics Question 7. It is one of the objective questions from the 2017 Post Utme Esut Economics examination.

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