Post Utme Futa 2024 Economics Question 18

Practice objective / multiple choice question 18 from the 2024 Post Utme Futa Economics examination.

Post Utme Futa 2024 Economics Objective / Multiple Choice
Question 18 POST_UTME_FUTA • 2024 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y. If the consumer's income is ₦1000 and the prices of x and y are ₦50 and ₦75 respectively, what is the consumer's optimal bundle?

Answer Options

A. x = 10, y = 5
Correct Answer B. x = 15, y = 10
C. x = 20, y = 15
D. x = 25, y = 20
Correct Answer
B
Correct Option:
x = 15, y = 10

About This Question

This is Post Utme Futa 2024 Economics Question 18. It is one of the objective questions from the 2024 Post Utme Futa Economics examination.

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