Post Utme Esut 2021 Economics Question 40

Practice objective / multiple choice question 40 from the 2021 Post Utme Esut Economics examination.

Post Utme Esut 2021 Economics Objective / Multiple Choice
Question 40 POST_UTME_ESUT • 2021 • ECONOMICS • objective

A consumer has a budget of ₦1000 and a utility function given by U(x, y) = 2x + 3y. The prices of x and y are ₦5 and ₦10 respectively. What is the consumer's optimal bundle?

Answer Options

Correct Answer A. x = 100, y = 50
B. x = 80, y = 60
C. x = 60, y = 70
D. x = 40, y = 80
Correct Answer
A
Correct Option:
x = 100, y = 50

About This Question

This is Post Utme Esut 2021 Economics Question 40. It is one of the objective questions from the 2021 Post Utme Esut Economics examination.

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