Post Utme Esut 2023 Economics Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Esut Economics examination.

Post Utme Esut 2023 Economics Objective / Multiple Choice

Question 20 POST_UTME_ESUT • 2023 • ECONOMICS • objective

A consumer has a budget of ₦100 and a utility function given by U(x, y) = 2x + 3y. The prices of x and y are ₦5 and ₦10 respectively. Find the consumer's optimal bundle.

A. x = 10, y = 5

Correct Answer B. x = 15, y = 3

C. x = 20, y = 2

D. x = 25, y = 1

Correct Answer

Correct Option:

x = 15, y = 3

This is Post Utme Esut 2023 Economics Question 20. It is one of the objective questions from the 2023 Post Utme Esut Economics examination.

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