Post Utme Futa 2020 Commerce Question 12

Practice objective / multiple choice question 12 from the 2020 Post Utme Futa Commerce examination.

Post Utme Futa 2020 Commerce Objective / Multiple Choice

Question 12 POST_UTME_FUTA • 2020 • COMMERCE • objective

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

A. x = 100, y = 50

Correct Answer B. x = 150, y = 25

C. x = 200, y = 0

D. x = 0, y = 100

Correct Answer

Correct Option:

x = 150, y = 25

This is Post Utme Futa 2020 Commerce Question 12. It is one of the objective questions from the 2020 Post Utme Futa Commerce examination.

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