Post Utme Futo 2021 Economics Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Futo Economics examination.

Post Utme Futo 2021 Economics Objective / Multiple Choice

Question 25 POST_UTME_FUTO • 2021 • ECONOMICS • objective

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

Correct Answer A. x = 5, y = 2

B. x = 3, y = 4

C. x = 2, y = 5

D. x = 4, y = 3

Correct Answer

Correct Option:

x = 5, y = 2

This is Post Utme Futo 2021 Economics Question 25. It is one of the objective questions from the 2021 Post Utme Futo Economics examination.

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