Post Utme Ims U 2019 Economics Question 13

Practice objective / multiple choice question 13 from the 2019 Post Utme Ims U Economics examination.

Post Utme Ims U 2019 Economics Objective / Multiple Choice

Question 13 POST_UTME_IMS_U • 2019 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y. If the consumer's income is ₦100 and the prices of x and y are ₦5 and ₦10 respectively, calculate the consumer's optimal consumption bundle.

Correct Answer A. x = 10, y = 5

B. x = 5, y = 10

C. x = 15, y = 3

D. x = 20, y = 2

Correct Answer

Correct Option:

x = 10, y = 5

This is Post Utme Ims U 2019 Economics Question 13. It is one of the objective questions from the 2019 Post Utme Ims U Economics examination.

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