Post Utme Futa 2025 Economics Question 7

Practice objective / multiple choice question 7 from the 2025 Post Utme Futa Economics examination.

Post Utme Futa 2025 Economics Objective / Multiple Choice

Question 7 POST_UTME_FUTA • 2025 • ECONOMICS • objective

A consumer has a utility function U(x,y) = 2x + 3y. If the prices of x and y are $2 and $3 respectively, and the consumer has an income of $15, determine the optimal quantities of x and y that the consumer will purchase.

Correct Answer A. x = 2, y = 3

B. x = 3, y = 2

C. x = 4, y = 1

D. x = 1, y = 4

Correct Answer

Correct Option:

x = 2, y = 3

This is Post Utme Futa 2025 Economics Question 7. It is one of the objective questions from the 2025 Post Utme Futa Economics examination.

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