Post Utme Futo 2018 Economics Question 39

Practice objective / multiple choice question 39 from the 2018 Post Utme Futo Economics examination.

Post Utme Futo 2018 Economics Objective / Multiple Choice

Question 39 POST_UTME_FUTO • 2018 • ECONOMICS • objective

A consumer is faced with the following utility function: U(x,y) = 2x + 3y. If the prices of x and y are ₦5 and ₦3 respectively, and the consumer has a budget of ₦100, what is the optimal combination of x and y?

A. x = 10, y = 20

Correct Answer B. x = 15, y = 15

C. x = 20, y = 10

D. x = 25, y = 5

Correct Answer

Correct Option:

x = 15, y = 15

This is Post Utme Futo 2018 Economics Question 39. It is one of the objective questions from the 2018 Post Utme Futo Economics examination.

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