Post Utme Futa 2018 Economics Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Futa Economics examination.

Post Utme Futa 2018 Economics Objective / Multiple Choice
Question 19 POST_UTME_FUTA • 2018 • ECONOMICS • objective

A consumer is faced with the following utility function: U = 2x + 3y, where x and y are the quantities of two goods. If the price of good x is ₦10 and the price of good y is ₦20, what is the optimal bundle of goods?

Answer Options

Correct Answer A. x = 10, y = 5
B. x = 5, y = 10
C. x = 10, y = 10
D. x = 5, y = 5
Correct Answer
A
Correct Option:
x = 10, y = 5

About This Question

This is Post Utme Futa 2018 Economics Question 19. It is one of the objective questions from the 2018 Post Utme Futa Economics examination.

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