Post Utme Esut 2025 Economics Question 13

Practice objective / multiple choice question 13 from the 2025 Post Utme Esut Economics examination.

Post Utme Esut 2025 Economics Objective / Multiple Choice

Question 13 POST_UTME_ESUT • 2025 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of two goods. If the consumer's income is ₦100 and the prices of the two goods are ₦5 and ₦10 respectively, what is the consumer's optimal bundle of goods?

Correct Answer A. x = 10, y = 5

B. x = 15, y = 3

C. x = 20, y = 2

D. x = 25, y = 1

Correct Answer

Correct Option:

x = 10, y = 5

This is Post Utme Esut 2025 Economics Question 13. It is one of the objective questions from the 2025 Post Utme Esut Economics examination.

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