Post Utme Esut 2020 Economics Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Esut Economics examination.

Post Utme Esut 2020 Economics Objective / Multiple Choice

Question 38 POST_UTME_ESUT • 2020 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y. If the consumer's income is ₦1000 and the prices of x and y are ₦2 and ₦3 respectively, calculate the consumer's optimal bundle of x and y.

Correct Answer A. x = 200, y = 150

B. x = 150, y = 200

C. x = 200, y = 200

D. x = 150, y = 150

Correct Answer

Correct Option:

x = 200, y = 150

This is Post Utme Esut 2020 Economics Question 38. It is one of the objective questions from the 2020 Post Utme Esut Economics examination.

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