Post Utme Greenfield University 2023 Economics Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2023 Economics Objective / Multiple Choice
Question 29 POST_UTME_GREENFIELD_UNIVERSITY • 2023 • ECONOMICS • objective

A consumer has a utility function given by U = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's income is ₦100 and the prices of the two goods are ₦10 and ₦20 respectively, what is the consumer's optimal bundle of goods?

Answer Options

A. (10, 20)
B. (20, 10)
Correct Answer C. (15, 15)
D. (30, 0)
Correct Answer
C
Correct Option:
(15, 15)

About This Question

This is Post Utme Greenfield University 2023 Economics Question 29. It is one of the objective questions from the 2023 Post Utme Greenfield University Economics examination.

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