Post Utme Futa 2020 Economics Question 7

Practice objective / multiple choice question 7 from the 2020 Post Utme Futa Economics examination.

Post Utme Futa 2020 Economics Objective / Multiple Choice
Question 7 POST_UTME_FUTA • 2020 • ECONOMICS • objective

A consumer has the following utility function: U = 2x + 3y. The prices of x and y are ₦10 and ₦20, respectively. If the consumer's income is ₦100, what is the optimal bundle of x and y?

Answer Options

Correct Answer A. x = 5, y = 2
B. x = 10, y = 5
C. x = 15, y = 3
D. x = 20, y = 4
Correct Answer
A
Correct Option:
x = 5, y = 2

About This Question

This is Post Utme Futa 2020 Economics Question 7. It is one of the objective questions from the 2020 Post Utme Futa Economics examination.

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